Skip to main content

Mangoes in Charts: Putting Peru’s grower strike in context with South America’s market evolution


As news of strikes from Peruvian mango producers starts to appear, I thought it would be worthwhile to take a look at how the markets have evolved and try to offer a bit of context to what is going on. This article is a bit of a follow up to a previous article about mangoes, which you can take a look at (here). First and foremost, I know the chart below is pretty busy with a lot of variability, but I think it illustrates what’s going on in the market pretty well.

You can see that from 2010-2015 the industry saw a good amount of growth in volume amid rising prices. However, in 2016, the biggest year in volume we have seen so far, the prices leveled out considerably, changing the landscape for the industry. South America, represented by Brazil, Ecuador and Peru, have been the protagonists of the winter months and the driving force behind this change.

US Mango Prices and Volumes
(Source: USDA Market News via Agronometrics)
[Agronometrics users can view this chart with live updates here]

Zooming into South America’s data, we can appreciate the massive amounts of growth all three origins have experienced, which have led to the normalization of the markets.

US Mango Prices and Volumes from Brazil, Ecuador and Peru
(Source: USDA Market News via Agronometrics)
[Agronometrics users can view this chart with live updates here]

Following up on reports of the strike, we can see from the historic data that the shipments registered by the USDA weeks 41-44 were particularly high and a bit reminiscent of 2016.

US Weekly Historic Volumes
(Source: USDA Market News via Agronometrics)
[Agronometrics users can view this chart with live updates here*]

The consequence was a price to match during the same weeks. As volumes have let up over the last three weeks, prices have risen accordingly.

US Weekly Historic Shipping Point Prices Brazil, Ecuador and Peru
(Source: USDA Market News via Agronometrics)
[Agronometrics users can view this chart with live updates here*]

As the few Peruvian companies that are exporting are already competing directly with Ecuador, there isn’t much they can do about current market conditions. With a drop in expected volume this year, it looks like prices could yet be quite high for Peru this season yet. Even today, spot market pricing looks like it’s being as generous as last year.


Written by: Colin Fain
Original published in FreshFruitPortal.com on December 04 , 2018 (Link)

*To view historics click on this icon in the table. In the historics report you can change viewing to reflect seasons that cross New Years.
Labels:

Comments

Post a Comment

Popular posts from this blog

Avocados In Charts - Prices are falling and why are they likely to settle below 2018

Agronometrics has often spoken about what is to come and how the market could be affected. We hold a strong belief in being able to look at objective data can help navigate complicated scenarios. The recent spike in prices that avocados have seen is an example of one of these scenarios, catching many by surprise at a time of the year where we had never seen movements like this before. This can be seen in the chart below where the 2019 line has towered above all other prices since Sept. 2017 and every price recorded for June in the last five years.

Historic Hass Avocado Prices


Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)
Comparing the volumes of this year to the last can offer some insight as to how these prices have come about. Considering the prices were almost flat last year, the volume data serves as a great benchmark to understand where customers expectations lie.

In this year’s data, an important oversupply can be …
Post a Comment
Read more

Apples in Charts: Honeycrisp, the queen of the U.S. market

Apples are a high-volume fruit commodity which growers need to produce very efficiently in order to be profitable, and the U.S. is no exception to this rule.

Apples from numerous origins are sold in the U.S. market, which is supplied principally by fruit from Washington State, as can be seen in the chart below.

Average historic arrival volumes of apples in the U.S. market, by origin


Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)
Average historic apple prices in the U.S. market have oscillated between around US$1.00 and US$1.75 per kilo over the last decade.

Historic weekly prices (USD/KG) of apples in the U.S. market


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)
But in the panorama of apples in the U.S., there is one variety that has stood out from the others – Honeycrisp. This queen of the U.S. apple market has great growth potential and excellent prospects…
Post a Comment
Read more

The table grape industry is in uncharted territory right now

Overview of the potential impact of COVID-19 on future grape supply and price, by Ira Greenstein of Direct Source Marketing, complemented by charts from Agronometrics.



Original published in FreshPlaza.com on March 24, 2020

While the Chilean and Peruvian grape seasons are winding down and their weekly volumes are decreasing, the table grape industry has seen an uptick in demand in the past weeks. This is partially a result of the high retail movements due to the coronavirus panic-shopping of the past few weeks. Ira Greenstein of Direct Source Marketing says: “A month ago, importers had a real concern that the industry wouldn’t be able to move through the condensed volumes and huge inventories would be sitting in cold storages. That sentiment has completely reversed with substantially increased retail demand due to the COVID-19 pandemic.”

With the lower volumes but increasing demand, the cold stores are rapidly being depleted and spot market pricing is expected to continue to increase, …
Post a Comment
Read more