How Is the Price Trend for Thai Mango?

Mango prices are affected by several factors, including fertilizer cost, logistics and labor cost, and global demand and supply. Mango prices in June 2023 were $1,656 per ton (FOB, Thailand), down -11.5% from the previous month. However, the export price exhibited a relatively flat trend pattern for the time period under consideration. The rate of growth was fastest in March 2023, with an m-o-m increase of 48%. The export price peaked in May 2023 at $1,870 per ton before falling the following month.

The average pricing for the key external markets differed significantly. China had the highest price ($2,105 per ton) in June 2023, while the average price for exports to Singapore ($447 per ton) was among the lowest.

Prices for supplies to China increased at the fastest rate (+1.4%) between June 2022 and June 2023, while prices for the other major destinations increased at a slower rate.