Mangoes in Charts: Ecuador, bringing high value fruit over the winter months
By
| 12 December 2018
This week’s article is about Ecuadorian mango exports, of which around 70-75% is sent to the U.S. Nestled right between Brazil and Peru, Ecuador is at its strongest during November, with an average of 74% of the market, and December, with an average 86% of the market.
US Mango Movements by origin
(Source: USDA Market News via Agronometrics)
The general trend is for higher prices in September and October, which drop off as Mexico comes on board in February and March. This is a period with relatively small volumes, so shifts in supply such as the shortage in 2014-15 (caused throughout the region by El Niño) can have a massive impact on prices.
US Mango Shipping Point Monthly Historical Prices
(Source: USDA Market News via Agronometrics)
As such, Ecuador doesn’t always fetch the highest pricing, but during this timeframe U.S. consumers seem to have a stronger desire to consume Ataulfo than Tommy Atkins or Kent – as demonstrated by the chart below. As Ecuador is the main supplier of Ataulfo, which according to the Mango Ecuador Foundation accounts for 24% of its total exports – the origin has been receiving a generous premium for its fruit. Over the last six years it has averaged US$1.40 per box on the spot markets prices.
US Mango Shipping Point Prices from Brazil, Ecuador and Peru by Variety
(Source: USDA Market News via Agronometrics)
Written by: Colin Fain
Original published in FreshFruitPortal.com on October 09, 2018 (Link)
