How much does agave cost per kilo?

To put things in perspective, the prices of agave in years of abundance can be around 2 pesos per kilo. On the other hand, in times of high demand and few harvest-ready plants available on the market, prices go up to 25 pesos/kilo. Right now, we’re just coming out of a particularly rough period.

Are agave tequila prices falling in Mexico?

Agave prices in Mexico are set to continue falling in the coming years and could lead to more affordable 100% agave Tequila brands joining the market. IWSR Drinks Market Analysis noted that agave prices hit a record MXN$32 (US$2) per kg 18 months ago, but by February this year, prices fell to MXN$5 (US$0.30) per kg.

How much does agave cost in 2022?

“I’m not surprised it’s gone down, but [it’s dropped] so fast and dramatically,” says Sophie Decobecq, founder and maker of Calle 23. “In November 2022 we were at the highest price ever seen – 34 pesos (US$1.97) per kilo of agave. That is a huge amount of money. Agave growers had to have guards in the fields not to have them stolen every night.