Brazil: High supply keeps pressure on papaya prices

Papaya prices have seen a significant decrease in the main producing regions of Brazil, with type 12-18 Hawaii in the North of Espírito Santo selling at an average of R$0.98/kg, a 41% drop, and Formosa in the South of Bahia selling at R$1.23/kg, a 36% drop, compared to the previous period. This decline is due to the high supply of both varieties and warm weather, which is accelerating ripening and leading to a larger market volume. Additionally, demand is slowing down, potentially leading to an increase in crop losses due to oversupply.