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Ample mango supplies pushes pricing down


Overview of the Peru mango season with Jesse García of the LA Produce Distributors, complemented by charts from Agronometrics.



Original published in FreshPlaza.com on March 10, 2020

Thanks in part to supplies from Peru, pricing for mangoes is down this season.

“There’s a lot of fruit coming in from Peru—about a 60 percent larger crop so they should be shipping through to the middle of March,” says Jesse Garcia of LA Produce Distributors in Los Angeles, Cal. “They had a bumper crop this year. Last year it was a really tight market with good pricing and this year there’s some sloppy pricing. It flip flops every year.”

As Peru begins to lighten up on shipments later this month, Guatemala will begin exporting red mangoes on top of the yellow mangoes it is already shipping. “We should get some red fruit in good volume from Guatemala before the end of the month,” says Garcia. On top of that, Mexico, who is already shipping yellow fruit, will begin shipping red as well in April-May.

Volumes of mangoes in the US market.



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

As Peru begins to lighten up on shipments later this month, Guatemala will begin exporting red mangoes on top of the yellow mangoes it is already shipping. “We should get some red fruit in good volume from Guatemala before the end of the month,” says Garcia. On top of that, Mexico, who is already shipping yellow fruit, will begin shipping red as well in April-May.

Volumes of Peruvian mangoes in the US market.



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

Promotions on call

Demand meanwhile looks good for mangoes. “But when there’s a glut of supplies, demand won’t look as high but it is there,” says Garcia. “With so much more fruit this year, especially out of Peru, it was hard to move it—we had to put promotions out.”

In turn, that’s pressed pricing on mangoes. Garcia estimates prices are between $1-$1.50 cheaper than last year at this time.

Reported price of mangoes from Peru in the US market.



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

Looking ahead though, Guatemala should finish up near the end of May to minimize competing directly with the Mexican season. “And once Peru stops shipping, the market will get a bit better on red fruit. We’ll begin Tommy Atkins mangoes out of Guatemala and that may bump up pricing between $1-$1.50,” says Garcia, noting it should stay at that level until Guatemala gets into its heavy shipments. “And then we might start seeing a dip again. But before the end of this month, we should see a bit of a rise in the pricing.”

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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