April 2025 Outlook Report: Fruits

- Key Indicators: Global freight prices averaged USD 2,196.90 per 40-foot container in Mar-25, marking a 29.79% month-on-month (MoM) drop and a 24.70% year-on-year (YoY) decrease. The drop was mainly driven by the seasonal demand slump following Lunar New Year (LNY) 2025 and the end of frontloading activities. Meanwhile, the World Bank's Fertilizer Index averaged 128.40 points in Mar-25, marking a 3.80% MoM decrease, driven by falling urea prices, which offset increases in diammonium phosphate (DAP) and potassium chloride.

- Avocado: Avocado markets in Mexico, Spain, and Chile showed varied trends in Mar-25, driven by shifts in supply and demand. In Mexico, prices rose slightly, influenced by limited supplies due to holiday disruptions and uncertainty over United States (US) tariff changes. In Spain, prices declined amid increased competition from Peru and other suppliers and a rise in European avocado supply. Meanwhile, in Chile, abundant supply, supported by Brazilian imports, put downward pressure on prices.

- Grape: Grape prices in Chile and Peru remained stable in Mar-25, while South Africa experienced a significant price surge. Chile’s exceptional fruit quality in 2025 has supported robust export volumes to its principal market, the US. Peru continues to lead global grape exports, supported by popular varieties such as Sweet Globe and Red Globe as well as expanded market access to Japan and China. In South Africa, reduced supply at the end of the harvest season and steady foreign demand drove a notable increase in exports, with the European Union (EU), the United Kingdom (UK), and the US as key destinations.

- Mango: Peru’s mango exports have been increasing in the first two months of 2025, with the US as the primary destination. The wholesale price of fresh mangoes in Peru rose in response to increasing international demand with a substantial MoM increase. At the same time, the production of mangoes in Peru has increased due to favorable weather in the northern regions of mango production.