Brazil: Pressure on the domestic market impacts mango prices in Bahia

Published 2024년 11월 1일

Tridge summary

The São Francisco Valley's mango production is in crisis due to a significant drop in prices, which has fallen by up to 30% in a week. This is primarily due to an excess supply and a decrease in external demand, particularly from the United States, our largest export market. The price slump is expected to persist until the end of the year, unless there's a recovery in exports to the US, which may happen with the resolution of port issues. In the meantime, producers are considering strategies such as cutting production costs, diversifying crops, and seeking new markets to sustain their business.

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

Original content

Mango production in the São Francisco Valley, especially in Bahia, is facing a critical situation, intensified by the constant drop in prices. Last week, the price of a kilo of Palmer mango was sold at R$0.90, while the Tommy variety was sold at R$0.62, reflecting a reduction of up to 30% compared to the previous week, according to the Secretariat of Agriculture, Livestock, Irrigation, Fishing and Aquaculture of Bahia (Seagri BA). According to data from Seagri BA, the main cause of this unfavorable scenario is the excess supply, aggravated by the decrease in external demand. The United States, which is the largest destination for Brazilian mango exports, has reduced its imports in recent months due to logistical issues, including strikes at North American ports. This blockage in international flow has led to a buildup of products in the domestic market, intensifying pressure on prices. Seagri technicians predict that prices will remain low until the end of the year, since internal ...

Source: Portal Do Agronegocio