Low mango prices due to oversupply

The mango market currently has too much product available. “It is going much less smoothly because demand is much lower than supply. As a consequence, prices are at a low level. The volumes are too high for the spot market. Programmes are doing quite well, but those prices are also too low,” says Sjoerd Meijer from Fruitmarket.

Peru and Brazil on the market at the same time

The market currently has Peruvian product in particular, with a few containers from Brazil left. “Prices for fiberless mangoes dropped further from the start of December. Prices for Tommy Atkins have been stable at a low level for a while already.” Meijer indicates that the Christmas period is always a more difficult time. “Sales are difficult around this period. In January we often see a recovery on the market because Brazil sends fewer mangoes. But this year, both origins were on the market at the same time. This has led to an oversupply, and we are still dealing with that.”

Meijer hopes prices will increase somewhat. “If this situation lasts, no one will make a profit. It is still uncertain when prices will increase again. They are currently very low, so an increase should happen in the near future.”

For more information:
Sjoerd Meijer
FruitMarket Agribusiness BV
Lichtenauerlaan 102-120
3062ME Rotterdam, NL
Phone: +31 10 340-0125
www.fruitmarket.nl