Peru: Frozen mango production would be 90% less than last season

Frozen Mango

Fruits

Peru

Market & Price Trends

Published Jan 30, 2024

Tridge summary

The Peruvian mango industry, including major player Dominus, has experienced a significant decrease in production leading to a doubling of sales prices. In response, Dominus has diversified its product range and started importing products for packaging. The majority of frozen mango exports, primarily destined for the United States, Europe, and Asia, are expected to be impacted, particularly in Europe and Asia due to their higher quality requirements. Meanwhile, Vietnam is emerging as a strong competitor in the mango market, with the US turning to it due to South American supply shortages and high prices. This suggests a potential market shift and increased competition in future.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The last projection made by the Peruvian mango industry had estimated a decrease of 76% compared to the volume of the last campaign. In this context, we spoke with Dominus' frozen sales manager, Johanna Mateo, to learn about the current situation, the strategies they have implemented and the market reaction. "At Dominus we have been quite impacted by the drop in volume, in a normal campaign we had 350 containers and currently we have processed only 25, it is practically 10% of the production of what we can normally do according to our capacity." He explained that, given the low fruit production, the sales price has doubled. “We have some clients who have accepted the price target with which we are now exiting the market. However, there are other clients who unfortunately have not been able to reach that price level and have had to source from other sources, such as Vietnam, which came in strong this season, with very competitive prices." Mateo indicated that frozen mango is the ...

Source: MXfruit