W42 2024: Mango Weekly Update

Published 2024년 10월 24일
image
In W42 in the mango landscape, Australia's mango season commenced with positive expectations despite initial delays. Favorable hot and dry conditions in primary growing regions will result in strong production levels. In Mexico, mango production is challenged by significant phytosanitary issues affecting yield and quality, but producers are committed to managing these threats through advanced practices to ensure export standards. Peru has reported impressive mango export figures, surpassing USD 52 million from Jan-24 to Sep-24. This growth is primarily driven by demand from the US and a strong performance in various international markets. Meanwhile, the US is experiencing significant growth in mango imports, mainly from Brazil and Ecuador, with a notable increase in shipments expected in the coming weeks as the harvest peaks. As for weekly pricing, Mexico's mango prices increased due to ongoing production challenges like drought and heat, which have limited harvest volumes and intensified competition as the export season approaches. In Peru, mango prices have decreased due to market oversupply and weak seasonal demand, exacerbated by cold and humid conditions affecting fruit quality. Mango prices in Brazil increased due to a slight recovery in demand. However, prices remain lower compared to the previous year due to strong domestic supply and challenges in export markets. In India, significant price growth is due to tightening supply and rising domestic and international demand as the peak season approaches. However, prices continue to be influenced by supply and demand fluctuations.

1. Weekly News

Australia

Australia's Mango Season Started with Optimism Despite Delays

The Australian mango season usually begins in September, but for 2024, it started later than expected in early Oct-24. Industry leaders expect the harvest's excellent quality and quantity despite the delay. The Australian Mango Industry Association (AMIA) reports that harvesting has picked up in Darwin, aided by hot, dry conditions, with major growing regions like Katherine, Kununurra, and north Queensland expecting good yields. While fruit sets have been inconsistent in some areas, especially in North Queensland, volumes are forecasted to exceed last season's weather-affected production. The "Taste the Sunshine" campaign has launched to boost consumer demand as Australian mangoes continue gaining popularity.

Mexico

Mexican Mango Production Faces Phytosanitary Challenges Threatening Quality and Yield

Mango production in Mexico faces significant phytosanitary challenges threatening yield and fruit quality. The primary diseases, such as dieback caused by Botryodiplodia theobromae and Texas rot from Phymatotrichum omnivorum, hinder sap flow and contribute to branch desiccation. Additionally, pests like the fruit fly Anastrepha obliqua and A. ludens inflict economic losses by damaging fruit and allowing microorganisms to enter. Control measures, including irradiation and hot water immersion, are implemented to meet export requirements. Climate change further exacerbates these issues by altering the feeding habits of pests, making previously benign organisms problematic. Despite these challenges, Mexican mango producers remain dedicated to managing pests and diseases effectively, utilizing advanced phytosanitary practices to maintain product quality for international markets.

Peru

Peruvian Mango Exports Exceed USD 52 Million in 2024

Peru exported 18.5 million kilograms (kg) of mangoes from Jan-24 to Sep-24, with a free on board (FOB) export value of over USD 52 million. The primary market for these Peruvian mango exports was the United States (US), which accounted for USD 18.76 million. Other primary destinations included Canada with USD 7.35 million, South Korea with USD 5.36 million, Japan with USD 4.19 million, Belgium with USD 3.95 million, Chile with USD 3.15 million, and the Netherlands with USD 1.88 million. Peru continues to strengthen its position in the global mango market through strong export performance across multiple countries.

United States

Mango Exports to the US See Significant Growth

In W40, the National Mango Board (NMB) reported that around 2.1 million kg boxes of mangoes were exported to the US) by October 5, 2024. Brazil led the mango shipments with 1.16 million kg boxes, followed by Ecuador with 929.5 thousand kg boxes. The main varieties were Tommy Atkins, making up 80% of exports, and Ataulfo at 15%, with smaller quantities of Keitt, Kent, Haden, and Palmer. Brazil and Ecuador are in peak harvest, and Peru has begun its season. Mango exports are expected to rise by 52% year-on-year (YoY) in the coming weeks.

2. Weekly Pricing

Weekly Mango Pricing Important Exporters (USD/kg)

* All pricing is wholesale * Varieties: Mexico (Manilla), Peru (Kent), Brazil (Tommy), and India (overall average)

Yearly Change in Mango Pricing Important Exporters (W42 2023 to W42 2024)

* All pricing is wholesale * Varieties: Mexico (Manilla), Peru (Kent), Brazil (Tommy), and India (overall average) * Blank spaces on the graph signify data unavailability stemming from factors like supply unavailability, missing data or seasonality

Mexico

Mango prices in Mexico rose by 11.27% week-on-week (WoW) to USD 3.85/kg in W42, representing a month-on-month (MoM) increase of 32.76% and a YoY rise of 3.49% due to ongoing production challenges, including drought and extreme heat in primary growing regions like Sinaloa and Nayarit, which continue to restrict harvest volumes. As the 2024 mango export season approaches, the limited supply has intensified competition, driving prices upward. Additionally, heightened phytosanitary regulations imposed by the United States Department of Agriculture (USDA) have compounded production difficulties, further supporting the upward price trend despite the modest YoY increase.

Peru

In Peru, mango prices fell 7.69% WoW, settling at USD 0.96/kg. This decline corresponds to a decrease of 20.66% MoM and a drop of 23.20% YoY due to ongoing oversupply in the market, heightened by weak seasonal demand during the harvest transition period. Persistent cold and humid conditions have aggravated pest issues, compromising fruit quality and reducing marketability. The lingering impacts of last season's extreme temperatures continue to disrupt mango production, contributing to the price drop. Farmers are also facing increased costs for pest control measures, which further pressure prices as they strive to maintain quality in a challenging environment.

Brazil

Brazil's mango prices increased by 8.33% WoW to USD 0.78/kg in W42, reflecting a 2.63% MoM growth due to a slight recovery in demand as local market conditions stabilize and exporters seek to capitalize on the recent price fluctuations. However, mango prices declined 17.89% YoY due to sustained strong domestic supply and ongoing challenges in export markets. The previous weather-related factors supporting export demand have diminished, leading to excess inventory and downward pressure on prices compared to last year.

India

Mango prices in India increased significantly by 38.46% WoW to USD 0.36/kg in W42, reflecting a substantial 89.47% MoM surge and a slight 2.63% YoY rise due to a combination of factors, including a further tightening of supply as the impact of previous weather disruptions stabilizes, leading to lower harvest volumes. Additionally, there has been a surge in both domestic and international demand as consumers seek out mangoes ahead of the peak season. The previous oversupply from earlier in the season has also waned, allowing prices to recover from the lows experienced in recent months. Despite the YoY increase, prices remain sensitive to fluctuations in supply and demand dynamics.

3. Actionable Recommendations

Enhance Supply Chain Efficiency and Market Intelligence for Indian Mangoes

Indian mango producers should prioritize improving supply chain efficiency and market intelligence to capitalize on rising prices. Implementing better logistical coordination to minimize transportation delays and losses will help maintain fruit quality and meet increasing demand. Additionally, producers should invest in market analysis tools to monitor price trends and consumer preferences, enabling them to make informed decisions about harvest timing and distribution strategies. Producers can enhance profitability by optimizing supply chain processes, leveraging market insights, and better responding to fluctuating demand dynamics.

Enhance Phytosanitary Measures in Mexican Mango Production

Mexican mango producers should prioritize strengthening phytosanitary measures to combat significant diseases and pests threatening yield and fruit quality. Implementing integrated pest management strategies, including regular monitoring and eco-friendly treatments, can help control the impact of pests like fruit flies. Additionally, investing in research for resistant mango varieties and advanced disease management practices will bolster resilience against issues like dieback and Texas rot. Producers can maintain high-quality standards and safeguard their export markets against phytosanitary challenges by enhancing these practices.

Strengthen Market Promotion and Quality Assurance for Australian Mangoes

Australian mango producers should enhance quality assurance practices and leverage marketing campaigns to boost consumer demand. Implementing quality control measures such as regular inspections for ripeness, employing standardized grading protocols, and ensuring proper post-harvest handling will help maintain the freshness and quality of the fruit. Additionally, producers should actively participate in marketing initiatives like the "Taste the Sunshine" campaign to promote Australian mangoes' unique flavor and quality. By aligning production efforts with effective marketing strategies, producers can maximize their mangoes' market impact and consumer interest.

Sources: Tridge, Agraria, Lineadirectaportal, MXfruit, Portalfruticola, Redagricola

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.