Qui Tequila co-founder Pete Girgis joined 'Fox & Friends First' to discuss what could lead to a shortage and how growing demand has impacted the supply.
Agave farmers have warned there could be a tequila shortage on the horizon as demand soars while the global economy continues to battle supple chain shortages.
Qui Tequila co-founder Pete Girgis said it is "too early to tell" if consumers should stock up on their favorite brands, but did note that American demand for tequila has surged in recent years.
"What I can tell you is this agave and tequila overall consumption has been skyrocketing. Agave prices have gone up 10 times from where they were 10 years ago," Girgis said during "Fox & Friends First" Thursday. "And right now, tequila has become one of the fastest growing spirits in the country for the first time ever, outselling U.S. whiskey in this country."
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The sap from the agave plant is a key ingredient in tequila, and although it can be grown in various regions in the world, the plant is native to tropical Mexico.
Amid soaring demand, supply chain challenges, and agave costs, Girgis explained how growing the succulent is a lengthy process – one that can take almost a decade.
As a result, there is no quick-fix process to bolster agave planting.
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