Saturated markets and tariff threats

Uncertainty before the new Mexican mango campaign

The mango harvest in the north of the State of Sinaloa will begin in two weeks. According to estimates, it will yield a production volume of 70,000 tons. Currently, the export market is saturated with mangoes, so the sector isn't expecting to achieve good prices in this campaign, stated Daniel Ibarra Lugo, the president of the Mango Producers and Exporters Association of the Area that is Free of Fruit Flies.

According to Ibarra, last year they harvested 12.5 million bags of mango and in 2017, 16.5 million bags.

In addition to the difficult situation of the international mango market, producers are concerned about the threat made by the United States to increase tariffs on this fruit. The tariff increase would hinder the flow of the product and, if tariffs increase by more than 5 percent, they would absorb the profits of the exporting companies and, subsequently, affect American consumers.

Ibarra also said that the harvest would begin with the operation of 4 of the 15 packaging facilities and around 1,500 people, as this activity generates 10,000 direct jobs in its peak season.

 

Source: Línea Directa 


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