Tridge summary
Brazilian mango exports have seen a significant decrease of 23% in volume and 25% in revenue from January to November 2022 compared to the previous year, marking the worst performance since 2018. This decline is due to adverse climate conditions and a drop in international market prices, especially due to increased sea freight costs. The situation is expected to worsen in December due to the influx of Peruvian mangoes in Europe, reducing demand for Brazilian mangoes. Recent rains in the São Francisco Valley also raise concerns about the quality of Brazilian mangoes and their ability to meet export requirements.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Brazilian mango exports are falling in part of 2022 (January to November). According to data from Secex, Brazil exported 189.8 thousand tons of fruit to all destinations, a strong decrease of 23% compared to the same period last year. In revenue, US$ 168.6 million were raised, a 25% reduction in the same comparison. This is the worst performance since 2018 year-to-date. Specifically in November, shipments dropped 34% in volume and 35% in revenue. According to Hortifruti/Cepea employees, the lower shipment rate is due to climate impacts (rain) on volume and quality, as well as less attractive prices in the international market, mainly considering the significant increase in sea freight - the interest in segment. For the month of December, exporters do not believe in recovery of Brazilian exports, since the supply of Peruvian mangoes is increasing in Europe, reflecting in the demand for the ...
Source: Agrolink
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