1. Weekly News

Brazil

Brazil's Fruit Export Value Rises Despite Lower Volumes in 2024

Between Jan-24 and Sep-24, Brazil's fruit export value grew by 8.51% year-on-year (YoY), even as export volume fell by 3.34% YoY. Mango exports led this growth, with a 46.19% YoY increase in export value despite a slight 0.16% YoY drop in volume due to rising global prices that helped counteract challenging weather conditions. These gains underscore Brazil's strengthening position in international fruit markets, as reported by Abrafrutas.

Colombia

Surge in Ecuadorian Mango Exports Lowers Prices in Colombia

In W44, a substantial increase in Ecuador's exports of Tommy Atkins mangoes to Colombia led to an oversupply that exceeded local demand. This surplus drove wholesale prices down in southern Colombia, with a 14% WoW decrease, bringing prices to USD 0.55/kg by week's end.

Europe

European Mango Market Faces Oversupply and Pricing Pressures Amid Low Demand

In Oct-24, the European mango market struggled with low demand despite high supply from Latin America. Spanish varieties like Palmer and Osteen are priced at around USD 2.71/kg (EUR 2.50/kg) and are expected to be available until mid-Nov-24. Brazilian exporters lowered prices and offered flexible marketing terms to manage their inventory. At the same time, Peruvian suppliers focus on holiday sales in the Netherlands and Germany but face challenges due to smaller harvests and intense pricing competition. This oversupply situation presents European retailers with a strategic opportunity, particularly with favorable inflation conditions.

India

Off-Season Mango Seizure Raises Concerns of Smuggling at Indo-Nepal Border

In Uttar Pradesh, India, authorities seized a truckload of mangoes near the Indo-Nepal border in Nanpara, suspecting them to be of Chinese origin and likely smuggled through Nepal to bypass standard import procedures. Mangoes are typically out of season in October, and the truck driver, unable to present necessary documentation, was detained for further questioning. This discovery heightened concerns over non-traditional smuggling routes for Chinese produce into India, especially with out-of-season imports. The investigation is ongoing, with potential legal actions anticipated based on its findings.

Yemen

Yemen Launches Campaign to Combat Peach Fly Infestation in Mango and Guava Crops

Yemen's Agriculture, Fisheries, and Water Resources Ministry and the Tihama Development Authority (TDA) initiated a campaign to address the peach fly pest threatening mango and guava crops in the Tihama Plain. The campaign focuses on educating farmers in pest detection, prevention, and safe pesticide use, offering technical support, workshops, and guidebooks. Specialized teams are also providing free agricultural consultations. The Ministry and TDA emphasize that active farmer participation in these best practices is essential to safeguard crops and foster sustainable agriculture in the region.

2. Weekly Pricing

Weekly Mango Pricing Important Exporters (USD/kg)

Yearly Change in Mango Pricing Important Exporters (W44 2023 to W44 2024)

Peru

In W44, mango prices declined by 7.45% week-on-week (WoW) to USD 0.87/kg, with a 16.35% month-on-month (MoM) decline and a 22.32% year-on-year (YoY) decrease. This drop is mainly due to increased competition from abundant supplies in Colombia and Ecuador, which exerts downward pressure on Peruvian prices. Additionally, as peak supply from these regions saturates the market, Peruvian mangoes face challenges in maintaining higher prices. However, looming water shortages in the Piura region threaten future harvests, with estimates indicating that up to 90% of the current crop may be unharvestable. If conditions persist, this could eventually lead to tighter supplies and potential price increases later in the season.

Brazil

In W44, Brazil's mango prices dropped by 11.29% WoW to USD 0.55/kg, marking a 23.61% MoM decline and a 32.93% YoY decrease. This drop is due to a significant oversupply of the Palmer and Tommy varieties from the São Francisco Valley, primarily in Bahia, where demand has weakened due to reduced imports from the US following port strikes. The backlog and delayed shipments disrupted US-bound exports, leaving excess supply in the domestic market.

India

In India, mango prices in W44 dropped by 11.11% to USD 0.32/kg, with a 23.08% MoM decrease and a 6.67% YoY decline. This is due to a combination of factors, including the market entering a price adjustment phase after the initial surge in demand. While the early season saw strong domestic and international consumption, the tight supply situation from earlier weather disruptions began to ease as harvest volumes started to recover. Additionally, as the peak mango season draws near, an influx of fresh supply is expected to stabilize prices, leading to the current price dip. Despite this short-term adjustment, the market remains optimistic about demand, maintaining a steady pace throughout the season.

3. Actionable Recommendations

Strengthen Domestic Market Partnerships

Mango producers in Brazil should strengthen partnerships with local distributors and retailers to increase domestic sales. Producers can diversify their revenue streams by offering promotions or exclusive deals to local markets and reduce dependence on export markets, especially as international demand remains uncertain due to logistical disruptions. Strengthening relationships with domestic buyers will help stabilize prices and secure consistent sales amid the current oversupply.

Adjust Import Volumes to Prevent Market Saturation

Importers in Colombia should temporarily reduce the volume of Tommy Atkins mango imports from Ecuador to prevent further oversupply and stabilize local wholesale prices. By scaling back on imports, they can help balance market demand, mitigate price drops, and support a more sustainable pricing environment for domestic sellers and consumers.

Enhance Pest Management Training

Farmers in Yemen's Tihama Plain should intensify their participation in pest management training provided by the Agriculture Ministry and the TDA. By actively engaging in workshops, utilizing guidebooks, and implementing pest detection and prevention techniques, they can protect mango and guava crops from the peach fly pest. These efforts will improve crop yield sustainability and reduce pest-related damage, securing the region's agricultural future.

Sources: Tridge, DatamarNews, Hindustan Times, Portal Do Agronegocio, Yemen News Agency