W37: Mango Update

In W37 in the mango landscape, during the first seven months of 2023, Peruvian mango exports reached 245.22 thousand tons valued at USD 319 million, reflecting a slight growth of 2% in volume but an 8% drop in value compared to the same period the previous year. This decline in value is due to a 10% decrease in the average price received for mangoes, priced at USD 1.30 per kilogram (kg). The province of Casma in Áncash has been gaining significance in Peruvian mango shipments in recent years. However, challenges such as climate disruptions and accelerated ripening due to high temperatures have affected production cycles and market prices.

Despite some recovery in production and a slight rise in international prices, it is forecasted that the Peruvian mango industry will face challenges for the remainder of 2023, exacerbated by the impending El Niño phenomenon. The main export destinations for Peruvian mangoes are the United States (US), the Netherlands, and Canada, with efforts made to diversify markets to mitigate price impacts.

Furthermore, mango production in Peru's 2023/24 campaign has been significantly impacted by El Niño Costero and unfavorable weather conditions, resulting in poor flowering. According to mango export specialists, only 10% to 30% of flowering has occurred in the fields. This is forecasted to lead to a low production season, delayed until November and December, and potentially shorter than usual. Estimates suggest the production may reach 250 thousand tons, half of the previous campaign's 500 thousand tons.

The presence or absence of rain remains uncertain and could further affect mango production. Heavy rains may lead to logistical challenges, road closures, and potential damage to mango crops. Depending on the rain scenario, exports may range from 30% to 70% of production. Additionally, the global mango supply is expected to be limited due to the El Niño phenomenon affecting several mango-producing countries like Ecuador and Brazil, potentially leading to higher prices in international markets.

Bangladesh's Agriculture Minister has announced plans to enhance the quality of mango production and exports through the "Exportable Mango Production Project." This project aims to raise mango production and export by 5% across 40 administrative divisions (upazilas) in 15 districts. Programs related to new mango varieties, production, and conservation are already underway, and research efforts are ongoing at the regional horticulture center in Chapainawabganj to further boost mango production.

Lastly, the price of Taiwanese mangoes in several areas of the Mekong Delta, Vietnam, has risen by USD 0.21 to 0.41/kg (VND 5,000 to 10,000/kg) compared to August and is currently at a relatively high level. Type 1 green-skinned Taiwanese mangoes are sold by farmers to traders and mango purchasing warehouses at prices ranging from USD 0.99 to 1.03/kg (VND 24,000 to 25,000/kg), while type 2 stood at USD 0.54 to 0.62/kg (VND 13,000 to 15,000 VND/kg. Type 1 yellow-skinned Taiwanese mangoes are priced at USD 1.32 to 1.44/kg (VND 32,000 to 35,000/kg, with type 2 priced at USD 0.70 to 0.78/kg (VND 17,000 to 19,000/kg). The price increase is attributed to improved export volumes and reduced supply, as many mango orchards have completed their harvest in July and August.