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