In W31 in the mandarin landscape, Peruvian mandarin exports decreased by 28% from Apr-23 to Jul-23, reaching 80.1 million kilograms (kg) of mandarins. The campaign was delayed due to hot weather, preventing the fruit from reaching its coloring process. The mandarin campaign, ending in Sep-23, experienced a 41.50% year-over-year (YoY) shipment decline. Despite peaking in April, May, and June, July saw low volumes of mandarin shipments. However, the campaign aims to recover in the coming months, with more fruit to be dispatched in Aug-23 and Sep-23.
The São Paulo spot market is experiencing a decrease in ponkan mandarin availability as the harvest approaches its end in Brazil. This decrease in supply is expected to continue in the coming weeks, leading to an upward trend in prices for the fruit. The price recovery movement is primarily due to product scarcity. The harvest is expected to slow down, and price appreciation allows producers to compensate for difficulties during low supply and reduced prices.
In South Korea, house tangerine prices are increasing because there is less production this season, and consumers are turning to substitute items like plums and watermelons. The demand for house tangerines is expected to stay consistent, and the market is projected to remain robust. On July 31, house tangerines were traded at an average price of USD 19.92/3kg (KRW 25,914/3kg) at Garak Market in Seoul, showing a significant increase of 20.5% compared to last Jul-23 and 19.8% higher than the average year.
