W3 Mango Update: Peruvian Mango Exports Plunge 80% YoY, Brazil's Prices Surge, and Vietnam's Tết Harvest Struggles Due to Weather Challenges

Peruvian Mango Exports Plunge 80% YoY in 2023/24 Season Due to Weather Woes

Peruvian mango exports faced an 80% year-on-year (YoY) decline in the 2023/24 season, heavily impacted by El Niño's effects on the west coast's weather.The total export only reached 19.16 thousand metric tons (mt). Notably, the United States (US), accounting for 63% of total exports, saw a 72% YoY decrease. Despite expectations of rising prices due to scarcity, the increase did not compensate for the overall sales decline. Various destinations, including the Netherlands and Spain, also witnessed significant drops in Peruvian mango imports.

Brazilian Mango Prices Surge Amid Global Shortage and European Demand

Brazilian Mango prices in the São Francisco Valley (PE/BA) experienced a notable surge, with the Palmer variety reaching USD 0.94 per kilogram (kg), an 18% YoY increase, and the Tommy variety at USD 0.83/kg, a 16% increase in the W3 of Jan-24. The upward trend is attributed to constrained supply in key production areas and robust demand for Brazilian mangoes, particularly in Europe. The European market faces a significant mango deficit, driven by lower-than-normal supplies from Peru, which has driven up demand for Brazilian mangos. The export price of Palmer mangoes averaged USD 1.03/kg in W2, marking a 13% YoY increase, reinforcing the positive market conditions.

Tough Times for TếtT Mango Harvest in Vietnam Due to Weather

In Vietnam, unfavorable weather conditions have led to a subpar Tết mango harvest in Giáp Thìn’s Tu Quy mango gardens in Thạnh Phú and Bình Đại districts, Bến Tre province. Unfavorable weather and pest attacks resulted in reduced productivity and quality, causing a decline in Tu Quy mango prices from USD 0.61/kg to below USD 0.41/kg for the type 1 and even lower for type 2 and 3 mangoes. Coastal farmers cultivating Tu Quy mango on over 700 hectares (ha) of land faced challenges in this traditional Tết crop, impacting their income. The distinct Bến Tre four-quarter mango, known for its unique taste, texture, and aroma, has also encountered difficulties this season. Despite geographical indication certification, farmers express concerns about the mango season's success due to falling prices and challenging conditions.