Peru's mango campaign will come to an end in less than 8 weeks, and producers are finally seeing a light at the end of the tunnel after having faced many hard weeks because of the market saturation caused by a high production.
"Mangoes are starting to become scarce, so prices are stable. Then the situation will get interesting at the end of the campaign because Mexico begins in mid-March and we have production until the end of February," said Jhonny Cordova, of Agrocosta Peru.
This market window could be the key to recover, as prices in Europe, which were very low, are starting to increase. "The prices we obtained in Europe for the smaller calibers didn't cover production costs, so we had to focus on the United States. Many importers have agreements with supermarkets in this market, so prices remain fairly stable. 70% of our production was destined for the United States," said the representative.
The spokesman said this campaign had been "unexpectedly complicated due to the accumulation of fruit at an unusual moment. Fortunately we were able to develop a strategy to decrease our losses."
Jhonny Cordova
Agrocosta Perú
T: +51 968 192653
E: jcordova@agrocostaperu.com
www.agrocostaperu.com