In W42 in the mango landscape, experts indicate that mango supplies are currently experiencing limitations in several key growing regions. Brazil is currently supplying Tommy Atkins mangoes. However, volumes are notably lower than in 2022 due to commitments for short-cycle crops. A similar situation is unfolding in Peru, with a 20% to 40% decrease in crop size compared to the previous year. Peru has initiated shipments of Ataulfo mangoes. Ecuador is expected to start its mango shipments in Nov-23, which will continue until Feb-24 but with subdued supplies. The mango supply situation in Mexico remains uncertain as the country prepares to start shipping. The strong demand for the limited mango fruits available globally is pushing prices considerably higher than in 2022, creating challenges for importers. While some relief is expected with a slight volume increase in the coming months, significant changes may not occur until Nov-23 or Dec-23.
Tommy mango prices in the São Francisco Valley in Brazil traded at USD 0.37 per kilogram (kg) in W42, a substantial 28% drop compared to W41, and the second consecutive decline. This price drop is attributed to a gradual increase in volume, with the onset of the harvest in São Paulo and a growing quantity of fruit in Petrolina/Juazeiro. Expectations suggest that this volume will continue to rise in the coming weeks, potentially sustaining the downward price trend. Notably, the Palmer variety, despite also experiencing rate devaluation, maintains considerably elevated prices due to strong exports to Europe. Palmer mangoes traded at an average of USD 0.67/kg in the São Francisco Valley in W42, a 7% week-on-week (WoW) decrease.
The fresh Peruvian mango export campaign commenced in W41, with shipments reaching 312 metric tons (mt), an impressive 87% year-on-year (YoY) increase. These mango exports were distributed to 18 destinations, nearly tripling the number of purchasing countries from 2022. The primary destination was the United States (US) with 78 mt, holding a 25% market share, followed by Spain with 69 mt and a 22% market share, and Canada was third with 61 mt and a 19% market share. Peruvian mango shipments utilized both sea and air transportation, with 55% departing via the port of Paita, and 45% via the Jorge Chávez airport.
In the Nepeña valley, located in the province of Santa, Ancash region, Peru, over 4 thousand farmers are facing substantial economic difficulties due to a sharp decline in mango production. The Executive Director of the Service for Comprehensive Rural Development (Sedir), reports that mango production in Moro, Nepeña Valley, has plummeted to just 30% of the expected yield in 2023. Additionally, each farmer invests between USD 2,580.13 and 3,870.20 per hectare (ha) in mango crops, compounded by a 200% increase in input costs. Cerna explains that in the past two years, shipping costs have risen due to the COVID-19 pandemic, resulting in significantly reduced payments from merchants to farmers. Unfavorable weather conditions in 2023, marked by high temperatures, have impacted mango production in the Nepeña Valley by hindering flowering and diminishing yields. This crisis in the Nepeña Valley underscores the urgent need for support measures to ensure the stability of the mango sector.
The 2022/23 Spanish mango season concluded abruptly, prompting traders to resort to imported fruit earlier than usual, especially from Peru. However, the import market presents challenges due to generally limited product availability. There's a notable rise in mango consumption in Europe, especially during the autumn and winter seasons, as year-round supply remains consistent. Varieties such as Tommy Atkins and the Brazilian Palmer are gaining traction despite their higher fiber content. As demand for mangoes continues to grow, experts foresee the necessity to rely on other sources to meet European demand, with Morocco and Peru emerging as potential contributors.
