Economics

Cashing in on Australia's Avocado-on-Toast Divide

Photographer: Rodin Eckenroth/Getty Images for Rainbeau Mars
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Avocados -- specifically when smashed and served by a hip cafe on toast -- have become a hot topic in Australia, amid suggestions forgoing brunch would put millennials on the path to buying their own house.

Home economics aside, with a plate of “avo on toast” in inner-city Sydney nearing $20 ($16), the youngsters may be better advised to take their cash to the source. Shares of Costa Group Holdings Ltd., Australia’s largest horticulture company, surged to a record Thursday, bringing its gains in 2017 to more than 50 percent, well ahead of the benchmark.