Thailand Mango Prices Soar 172.6% YoY

The wholesale price of mangoes in Thailand was USD 2.06/kg in W3 May 2022 which is 172.6% higher YoY. The price of mangoes spiked to its highest level in the past 12 months of USD 2.66 during W1 April 2022 and has largely remained above USD 2/kg since the spike in early March 2022. The price spike is likely due to lower supply levels in international markets with India, the largest global producer of mangoes, expecting a significantly smaller mango crop in 2022.