Agronometrics: They foresee relief for mangoes in the US

Published 2024년 2월 6일

Tridge summary

Due to the impact of the El Niño phenomenon causing high temperatures in Peru, mango production and exports have significantly decreased, leading to record high prices in the US. The current season has seen an 80% reduction in export volume compared to the previous one, resulting in less than a million boxes of mangoes entering the US weekly, as opposed to the usual two million. However, relief is expected as mango imports from Mexico are set to begin soon, and supplies from Guatemala, Costa Rica, and other regions are anticipated to enter the market in March and April.

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

Original content

Mango prices in the US have reached unprecedented levels this season, in which the Peruvian mango has suffered the effects of the El Niño phenomenon. High temperatures have negatively influenced the flowering of mango trees, which has caused a notable reduction in production and, consequently, a decrease in exports for the current season. As a result, the current campaign, which began in September last year, faces a significant delay compared to the previous season. So far this campaign, the country has exported a total of 19,159 tons of mango, that is, 80% less volume than in the previous season. Anticipating a shortage of mango supply and considering the stability of demand, prices are expected to continue increasing in the remainder of the campaign. However, the expected price increase is unlikely to fully offset the significant drop in mango volume. Discussions about the impact of El Niño in Peru and Ecuador have been underway for months, with the initial expectation of a ...

Source: MXfruit