W50 Mango Update: Global Mango Market Faces Challenges Amidst Weather-Related Disruptions

Peruvian Mango Production Hit by El Niño and Causes Prices Surges

Peruvian fresh mango production has been severely affected by El Niño, leading to a dramatic drop in volume and value. From Jan-23 to Oct-23, Peruvian mango exports decreased by 31% year-over-year (YoY) in volume and value, with a total of 113.8 thousand tons valued at USD 139 million. This was one of the largest losses in recent years, with the price quoted at USD 1.22 per kilogram (kg). Major international markets suffer from supply shortages, causing an upward price trend. Piura leads fresh mango shipments with a 65% market share, followed by Áncash with over 20% and Lambayeque with 14%. High temperatures during most of 2023 have affected the flowering stage, causing significant losses in mango production. The 2023/24 campaign is expected to present a substantial delay and a drop of close to 70% compared to an average campaign.

The shortages are increasing prices in the fields due to the limited product available and the unreceived demand. The next campaign may not compensate for the limited product, but they present opportunities in other regions. Europe remains the central importing region, but shipments have been reduced by over 34%. The new internal campaigns of the Old Continent, especially the Spanish one, are expected to close with a 70% drop. North America's shipments have been reduced by 30%, but the price has not been able to compensate for this drop.

Moreover, Peruvian mango producers are facing a price war, with aerial mangoes costing nearly double those of maritime ones. This has raised concerns about market response and product quality. Consumers may switch to more economical fruit alternatives if prices rise, potentially impacting demand. Lalupu emphasizes the need for strategic decision-making to navigate the complexities of the mango industry in Peru.

Mango Prices Expected to Increase by 50% YoY as El Niño Causes Production Drops in Peru and Ecuador

Mango prices are expected to increase by 50% YoY due to El Niño, causing a significant drop in production in Peru and Ecuador and economic losses. This has led to a 200% YoY increase in cultivation input costs, with Ecuador potentially experiencing a 60 to 75% YoY decrease in production. China has also suspended imports of Taiwanese mangoes due to mealybug pests, interpreted as 'fruit diplomacy' due to escalating tensions between the two nations.

Colombian Baby Mango Prices Soar 33.3% WoW in W50 Due to High Demand From Global Market

In the Colombian local market, the wholesale price of Baby Mango has risen by 33.3% week-on-week (WoW) in W50, reaching a current rate of USD 1 per kilogram (kg) in the wholesale market. This price increase is attributed to improved quality, making the product more suitable for international markets. Consequently, fewer quantities were sold domestically, leading to a higher price.

Drought in Malaga, Spain, Causes 80% YoY Drop in Mango Production in Benamocarra

The drought in Malaga, Spain, has had a substantial impact on mango and avocado crops, leading to a significant decrease in production. Specifically, mango production in Benamocarra has plummeted by nearly 80% YoY, dropping from 300 thousand to 70 thousand kilograms (kg) due to the persistent drought conditions.

Mini-Tornado Hits South Africa Causes Heavy Losses for Mango Producers

A small tornado struck South Africa's Blyde River Valley, leading to significant losses for mango producers in Hoedspruit. The storm damaged infrastructure and plastic crates, leaving them 300 meters (m) away. 15% of the fruit was damaged by hail, and 30% of the total harvest was destroyed. The price of mangoes on the local market is expected to rise due to the smaller harvest. The heat wave in the area has caused sunburn on mangoes and lychees.

Egypt Extends Mango Season Due to Improved Shelf-Life Control and Global Demand

The Egyptian mango season has been extended due to improved weather conditions and better fruit shelf-life control. Due to the scientific understanding of mango shelf life and refrigerated shipping containers, the campaign has successfully shipped mangoes in long journeys of over 25 days. Demand for Egyptian mangoes comes from major markets worldwide, including Russia, England, the Netherlands, Saudi Arabia, Lebanon, Jordan, United Arab Emirates (UAE), Oman, and Qatar.