Pricing expected to stay strong on mangoes

From Fresh Plaza | 26 October 2023

Overview of mangos in the U.S. market, complemented by charts from Agronometrics. Original published on October 25, 2023.

Mango supplies are tight and will likely stay that way for the near future. “Brazil has been shipping the lion’s share of its fruit to Europe because Europe does not need hot water treatment so the expenses are less when you don’t have to do that. European demand is also really good,” says Jesse Garcia LA Produce Distributors.

Brazil, whose volume has been affected a bit by the weather this season, is shipping some red mangoes to the East Coast shippers in the U.S., though not as much volume as needed. “So the market has been double digits here in the last couple of weeks and it’s going to stay that way until Ecuador starts,” says Garcia, adding that the quality is a bit rough right now on fruit which isn’t surprising given the weather challenges.

Ecuador has already started shipping yellow mangoes and this week is starting to pack red mangoes too. “Though they are behind in volume. They have major issues because of El Nino weather so their crop is 30 percent of normal,” Garcia says. “Big volume won’t start until the first or second week in November. So while we’ll see more fruit then, it won’t be as much as last year.”

mango prices by history

Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

Mangoes from Costa Rica

Also making its way into the marketplace is some Costa Rican fruit, though their season doesn’t truly start until November-December. However, Costa Rica doesn’t have much volume so it isn’t factoring into the market. All of this could mean that Brazil, which can go through the beginning of the year on mangoes, could stay in the market longer given Ecuador’s short crop.

So with strong demand for the tight supplies, pricing is also much higher than last year at this time. “It was a little cheaper three weeks ago when FOBs were $8-$9 on the East Coast. Then they started creeping up and today they’re $14,” says Garcia, noting that including freight pricing getting the fruit to the West Coast means pricing is reaching $17-$18. “I don’t see any $4-$5 markets this year though once retail pricing gets up to $2-$3/mango, demand could slow because consumers may not want to pay that price for an item that’s not a staple.”

The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.

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