Mango monthly review: January 2023

2023 began along the same lines as the end of the previous year. The poor market conditions continued until the middle of the month. Brazil, despite cutting back its shipments, maintained its presence on the European markets. This origin’s late start for the Kent variety resulted in volume deferrals to later in the season. Combined with the rising volumes from Peru, Brazilian shipments contributed to an oversupply of the European markets. There was no real market price to speak of during these first weeks of 2023. Numerous batches were placed on commission on the wholesale markets. This influx of merchandise, in a context of quiet demand, also aided the formation of stocks. In attempt to desaturate the market, the operators implemented large-scale promotions in collaboration with the big supermarket chains. Significant price concessions enabled massive sales at appealing prices for consumers. In the middle of the month, this market clean-up was bearing fruit, with merchandise selling off more fluidly. Sales prices remained low, but operators could glimpse some improvements. In this context Brazilian mangos, now on the wane, were marked down in relation to the Peruvian competition. The political disorder in Peru did not seem to significantly disrupt its mango shipment operations.

In early January, the air-freight mango market remained saturated by stocks generated by poor sales at the end of the previous year. Clearance sales at low prices enabled a slight improvement in market conditions, together with a decrease in incoming shipments. In the second half of the month, rates strengthened because of the renewed moderation of shipments. Some importers limited or suspended their orders to bolster this improvement.

mango - europe - incoming shipments January 2023

mango - france - import price january 2023