Weekly Product Updates

W45: Mango Update

Fresh Mango
Market & Price Trends
Published Nov 16, 2023

In W45 in the mango landscape, the United States (US) mango market is marked by tight supply and increased prices compared to 2022, with the East Coast of the US experiencing a significant surge. Brazil, facing disruptions in volume due to adverse weather, dominates the market, supplying red mangoes to the US East Coast. Ecuador, however, confronts a challenging season with a drastic 65 to 75% year-on-year (YoY) volume reduction attributed to the El Niño phenomenon. Costa Rican mangoes are gradually entering the US market, while Peru grapples with adverse weather affecting mango cultivation, leading to poor flowering and an anticipated 50% reduction in production for the 2023/24 season. The sector faces uncertainties related to rainfall, potential phytosanitary problems, and logistical challenges.

Furthermore, Peru's mango export season is significantly impacted by El Niño, resulting in low flowering and a predicted 70 to 80% decrease in production for the 2023/24 campaign. This has led to challenges in harvesting logistics, pushing up costs for small quantities of fruit. While some producers may cover production costs, many face losses, with some farms experiencing a lack of production. European retailers may struggle to find alternatives, as other major mango-producing regions like Brazil and Central America have limitations. As of 45, air shipments, mainly to Europe and Asia, have limited exports. Peru exported 249.31 thousand metric tons (mt) of mangoes in 2022/23, with Europe and the US as primary markets.

The Baby Mango season in Colombia started during W45, with exporters initiating shipments to Canada and Dubai at a base price of USD 5.25 per kilogram, free carrier (FCA). The season is forecasted to continue until early Jan-24.

China's General Administration of Customs (GACC) announced its approval for the import of fresh mangoes from Laos, subject to specified phytosanitary standards. The GACC outlined 13 quarantine pests of concern for Laotian mangoes, including various fruit fly species and scales. The approved phytosanitary protocol mandates compliance with good agricultural practices, integrated pest management, and specific procedures during packaging to ensure the quality and safety of mango exports to China.

Lastly, Dong Thap province of Vietnam has identified mango as one of five key industries for its agricultural restructuring project. The mango industry in the province has embraced technological advancements such as crop spreading, flower pollination, and fruit bagging to ensure year-round production. The mango growing area in Dong Thap has surpassed 14 thousand hectares (ha), with the main varieties being Cat Chu, Tuong Da Xanh, and Cat Hoa Loc. The province exports over 115 thousand tons of mangoes annually to more than 10 countries. Growers have adopted safe production processes, including Vietnamese Good Agricultural Practices (VietGAP) and Global Good Agricultural Practices (GlobalGAP) standards, resulting in increased profits and market demand. Dong Thap has issued growing area codes for 295 mango cultivation areas, contributing to traceability and quality assurance.

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