Mango: Strike threat at US ports causes Tommy's price to fall below cost in the São Francisco Valley, Brazil

Published 2024년 9월 27일

Tridge summary

Mango prices in São Francisco Valley have dropped due to a potential strike at US ports, leading to a decrease in shipments and an increased domestic supply of Tommy mangoes, now priced at R$0.96/kg, a 22% drop from the previous week and below cost. Palmer mango prices have also decreased by 4% to R$2.25/kg due to the increased Tommy supply, and experts predict further price drops and high supply levels in the coming week.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Another drop in mango prices was observed in the São Francisco Valley (PE/BA) this week (September 23-27). According to collaborators consulted by Hortifrúti/Cepea, the possibility of a strike at US ports led to a reduction in shipments to the country, keeping the fruit in Brazil and resulting in a greater supply of Tommy mangoes on the domestic market. In fact, according to market agents, the price of this variety was R$0.96/kg, a 22% drop compared to the previous week. It is worth noting that, with the new devaluation, prices are below cost. Therefore, shipments to the North American market should be stagnant for a few days. Regarding Palmer, the greater availability of ...

Source: NoticiasAgricolas