Mango monthly review: April 2019
- Published on 23/05/2019 - Published by GERBAUD Pierre
- Free
Informations
- Product(s) : Mango
- Rubrique / Thématique : Review and Forecasts
- Country : Western africa , Brazil , Cote-d'ivoire , Europe , Peru
- Keywords : Export , Import , Price , Production
The rapid end to the Peruvian campaign as predicted resulted in an abnormal turn on the market in April. Shipping delays due to poor sea conditions and logistical problems led to ongoing substantial supply levels. This was also intensified by the rise in shipments from Brazil. Many distributors informed of the fall in availability gradually delisted the product, in contrast to the normal Easter promotions. In addition, the high rates charged since March and the gradual deterioration in Peruvian fruit quality drove rates downward. Nonetheless they maintained a good level, in any event, much higher than the same time last year. At the end of the month the downward trend was confirmed, with the final Peruvian batches entering the market, and the start of a more chaotic transition phase between the origins. The Brazilian and Central American mangos of the less sought-after varieties (Tommy Atkins, Palmer and Keitt) did make up for the drop in volumes, but were trading on a downward footing. The very end of the month saw the start of the West African campaign, mainly from Côte d’Ivoire. After some Amélie containers received in the first half of the month, which sold at around 6.00-6.50 euros/box, Kent shipments began to arrive. The still moderate first batches following in the footsteps of Peruvian produce, with high prices. Yet the predicted rapid increase in volumes raised fears of just as quick a decline in prices.
In the first half of April, market conditions were good for air-freight mango. This situation, with sales at high prices, was enabled by the gradual fall in Peruvian shipments. West African mangoes took advantage of this more restrained supply period, and obtained high prices, though still lower than for Peruvian fruit. Primarily comprising the Amélie, Smith and Springfield varieties, incoming African shipments rapidly diversified, with the first batches received comprising Valencia and then Kent. In the second half of the month, market conditions took a slight turn for the worse because of the qualitative deterioration of certain Peruvian batches, with demand not as high for Easter and the spring holidays. At the end of the month, the Ivorian campaign was getting started. The first batches sold from 4.00 to 5.00 euros/kg, lower than the Peruvian fruit due to great diversity of coloration and stages of maturity.
