The European mango market had a very difficult January. The big deterioration in rates in December intensified in early January. The overlapping of the Brazilian campaign, with the last of its Kent, and the Peruvian campaign resulted in shipments overwhelming the restrained demand. The fruit accumulation created massive market congestion, accompanied by a considerable fall in prices. Numerous clearance sales were made at prices lower than those indicated below. European operators sought market opportunities throughout the period. At the end of the month, the qualitative deterioration of certain batches aggravated the stupor of the market. Hopes of rates picking up at the end of the month came to very little. The only positive aspect was that consumers were offered fruits at attractive prices through multiple promotions in the supermarket sector.
The air-freight market, still dynamic at the beginning of the month, collapsed thereafter due to more reserved demand and rising imports, either directly or via other European countries. Poor sales led to a qualitative deterioration in the fruit, which caused a fall in rates. While certain good-quality batches were still trading at 5.00 euros/kg at the beginning of the month, this was no longer the case in the second half-month. Batches of advanced maturity sold from 2.00-2.50 euros/kg, and sometimes lower. This trend lasted until the end of the month.
In February, the stagnation set in the market was choked by overabundant volumes from Peru, compounded by the resumption of Brazilian shipments. In addition, qualitative problems with the Peruvian fruit occasionally intensified marketing difficulties. Demand was particularly slowed down by the winter holidays and cold spells. The prices below correspond to sales of superior quality merchandise, and for the most sought-after sizes. Meanwhile, sales at lower prices helped maximise quantities sold, with a view to avoiding prolonged storage, always detrimental to quality. Though scarce on the French market, Tommy Atkins and Keitt from Brazil experienced more or less the same market situation in Northern Europe. Their prices, greatly affected by the omnipresence of Peruvian fruits, settled at around 4.00-4.50 euros/box for Tommy Atkins and 3.50-4.00 euros/box for Keitt in the first half of the month. The Keitt rate then fell into line at 4.00-4.50 euros/box.
The air-freight market fared no better. Flat demand and over-supply kept rates at a fairly low level. The prices shown here relate to sales of superior quality produce. Many batches sold from 3.00 euros/kg, or even less. The influx of batches of advanced maturity, plus the marketing of sea-freight fruit of air-freight quality, also contributed to the sluggishness of the market.
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