Mangos continue to have a strong summer with volumes up over previous years and prices showing no weakness.
Consumer demand hasn’t been dampened by the pandemic, and it seems to be strengthening it even.
VOLUME TOTAL, MANGOS CONVENTIONAL FROM JUNE 1ST THROUGH AUGUST 14TH
A comparison of 2020 volume with 2019 and 2018, for the period from June to August 14, 2020, shows increases of 12.7 percent and 20 percent respectively, said Paola Ochoa, Program Manager for Agtools Inc. BB #:355102
Blue Book has teamed with Agtools Inc., the data analytic service for the produce industry, to look at a handful of crops and how they’re adjusting in the market during the pandemic.
Demand for this commodity is steadily upwards as evidenced by consecutive years of significant growth.
2020 YTD Mangos
Together, Mexico and Peru account for 89 percent of the U.S. consumption of mangos, with Mexico the largest producer with 71 percent of total U.S. volume.
The regions of Ecuador, Haiti, and Guatemala are the next group of producers into the U.S. in terms of volume. These five supplying regions are responsible for almost the entire U.S. volume.
F.O.B. PRICE IN MEXICO CROSSINGS THROUGH NOGALES, ARIZONA KENT MANGOS CONVENTIONAL SIZE 7s FROM JUNE 1ST THROUGH AUGUST 14TH
The price of mangos has been very stable, since the beginning of July there have been no changes of more than 25 cents, and this price is very stable compared to the price of previous years, Ochoa said. This season we can see how shipments of Mexican mangos to the U.S. began a week before 2019 but also a week after when they started in 2018.
F.O.B. PRICE IN MEXICO CROSSINGS THROUGH TEXAS TOMMY ATKINS MANGOS CONVENTIONAL SIZE 7s FROM JUNE 1ST THROUGH AUGUST 14TH
When analyzing the price of Mexican mangos on the border with McAllen, we can see that the price has been more variable at the beginning of June as well as the last couple of days where we can observe a price increase, Ochoa said.
In this period of time in August the price this year has remained higher than the price in 2019 but lower in June than the price in 2018.
NEW YORK TERMINAL PRICE FOR CONVENTIONAL MEXICAN MANGOS SIZE 9s FROM JUNE 1ST THROUGH AUGUST 14TH
Ochoa said we can observe a trend that is very different from that of the F.O.B. price, since the terminal market price has been very volatile, although most days it has remained higher than in previous years.
SOUTHWEST RETAIL PRICE FOR CONVENTIONAL MANGOS FROM JUNE 1ST THROUGH AUGUST 14TH
When we review the retail price in Southwest, we can see that unlike the F.O.B. price the price paid by the consumer is very stable and has been for the last three years, she said. The mango market continues to be a very stable market as it is one of the tropical fruits preferred by consumers.