Skip to main content

Mangoes in Charts: Record prices in June may remain high for coming months


Let me begin by saying that mangos are amazing! I am a huge fan of this fruit, which very often frequents my breakfast, so I’m pretty excited about this article. With the great prices the industry has been seeing, it’s hard not to write about them.

In a maturing industry, June this year in particular came as a surprise to me, reporting the highest shipping prices we have on record for that month..

US Mango Shipping Point Prices, 1 Layer Flats, by Month, Comparing the Last Four Years
(Source: USDA Market News via Agronometrics)

Until 2015, where we saw the highest average yearly and monthly price, there seemed to be no roof on where mangos could go. Over the last two years, impressive growth by Mexico, Ecuador and Peru – the three largest suppliers – has been filling in some of the gaps in supply and helping to stabilize prices. Ecuador and Peru are particularly notable, coming in right where prices have historically been the highest.

Mango Shipping Point Prices, 1 Layer Flats, in USD
(Source: USDA Market News via Agronometrics)

In 2017 the industry moved 46% more volume than in 2010, an impressive level of growth that made good headway in bringing to the U.S. a fruit that has long been one of the most popular in the world. That last fact might surprise people, but keep in mind that mangos are originally from India, and massively popular in tropical countries where they grow.
Mango Movements in Lbs
(Source: USDA Market News via Agronometrics)

Our friends at the U.S. National Mango Board are predicting that Mexican volumes could come in at 15% lower year-on-year from July through October, which could very well mean that prices for the industry will continue to run high for the months to come.

Mango Volumes in 8.8Lb Boxes
(Source: USDA Market News via Agronometrics)

Written by: Colin Fain
Original published in FreshFruitPortal.com on July 17, 2018 (Link)

Comments

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 …

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…

Fruit in Charts: The winners and losers of 2018 (Part 3 of 3)

This article is the culmination of two previous posts that explored which commodities grew the most and the least through prices and volumes in both 2018 and over the last eight years. You can catch up on those previous articles with the following links:
The Winners and Losers of 2018 (Part 1 of 3)
The Winners and Losers of 2018 (Part 2 of 3)

In the process of writing the previous two articles, we saw that many of the commodities that had the highest prices also had the lowest volumes, and vice-versa. This begs the question, where are the best opportunities in this industry, where is growth and how do we define it? So in this article we will look at creating an index that combines the two factors and see if it can shed some light on this.

One of the most contentious commodities of 2018 was avocados, which saw the biggest drop in average yearly price compared with all other commodities we track. Avocados also saw one of the largest increases in volume of any commodity that we track. In …