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

Blueberry boom: Worldwide growth creates challenges for NW producers

Overview of the northwest blueberry season by Doug Krahmer of Berries Northwest, Cort Brazelton of Fall Creek Farm and Nursery, Kasey Cronquist of the U.S. Highbush Blueberry Council and Mark Hurst of Hurst's Berry Farm, complemented by charts from Agronometrics. Original published in www.capitalpress.com  on July 30, 2020 ALBANY, Ore. — On a seasonably warm July afternoon in the fertile Willamette Valley, Doug Krahmer stood between rows of organic blueberries and watched as a large mechanical harvester rolled slowly through the field, rattling bushes heavy with ripe fruit. Measuring a little more than 15 feet tall, 11 feet wide and weighing 7 tons, the harvester seemingly floated in the distance over neat rows while fiberglass rods, or “fingers,” shook the berries onto a conveyor belt that swooped them to the upper deck and into plastic crates. From there, the crates were loaded into refrigerated trucks and driven from the farm north of Albany, Ore., to a packing shed ea
3 comments
Read more

Agronometrics in Charts: Demand for berries skyrockets in 2021

This time for the ‘In Charts’ series we will give an update as to how the average prices of berries have been behaving. Specifically, we will look at the prices of blueberries, raspberries, strawberries, and blackberries in the United States market and compare them with previous seasons. An increase in demand, brought on by the tendency to consume “superfoods” such as berries during the Covid-19 pandemic, seem to have pushed prices up despite the fact that volumes imported by the United States have been similar or higher than those of previous years. Let's look at each particular case: Blueberries Blueberry prices experienced a significant increase from week 3 of 2021, showing the highest prices of the last 5 seasons for the same date. If we observe the following chart, we can see that, for week 7 of 2021, the average price of conventional blueberries was $7.60 per kilo. This is 24 percent higher than in 2020 when the average price was $6.14 per kilo. Volumes for blueberr
Post a Comment
Read more

Peru's blueberry oversupply takes its toll on export price

Overview of the Peruvian blueberry season, complemented by charts from Agronometrics.   Original published in FreshPlaza.com   on November 25, 2020  This year's Peruvian blueberry season began in June with the export of 1,010 tons worth 5 million dollars. These figures represented a 25% increase in volume and a 77% increase in value over the same month of 2019. The lower production in the northern hemisphere due to weather problems allowed producers to achieve attractive prices of $ 5.15 per kilogram in June. Volume (in Kg) of blueberry from Perú in the US market Source: USDA Market News via Agronometrics . (Agronometrics users can view this chart with live updates here ) The good reception of Peruvian blueberries and the increase in prices encouraged exports during July, a month in which the country shipped 4,808 tons (+ 108%) for 26 million dollars (+ 102%). In this month, the increase in the Peruvian supply generated a slight 3% fall in the typical prices of the month,
Post a Comment
Read more