Mango Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Mango in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Mango Price Trend for the Second Half of 2023

Mango prices were observed to be consistently escalating during the given period of the second half of the year 2023. In the USA the mangoes are majorly imported from Peru, Ecuador, and Brazil during the winter months. The El Nino weather changes during this time affected the mango production significantly.

Mango Price Chart

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Amidst the declining yield the mango demands this year were higher during these months than the previous years, mainly because all major holidays fall during this time, and the dessert and beverage industry is seeing an increased interest in mango dishes. Overall, with strained supplies and robust demands, an elevated price graph was observed for mangoes during the last two quarters of 2023.

Analyst Insight

According to Procurement Resource, Mango price trends are expected to rise in the coming months, since the demands are expected to surge even more going forward.

Mango Price Trend for the First Half of 2023

In India, extended monsoon and high temperatures had a negative impact on the production of mangoes in the first and second quarters of 2023. The drop in the rates of production was almost 40% in some of the mango-producing states in the country. The monsoon typically ends by the end of September or the beginning of October, but last year, the season lingered longer, further disrupting the conditions needed for inflorescence to grow.

The mango market thus witnessed a limited supply in the Indian domestic markets throughout the first quarter of 2023, which eventually led to a shoot-up in their prices. However, in the second quarter, the price of mango fell from around Rs 80,000/ton to 15,000/ton in one of Asia’s largest mango markets.

This significant reduction in the price trend was attributed to the black spot and fungal infections that led to a huge reduction in crop production, and due to this, distressed farmers had to sell their produce at compromised prices, declining the price trend of mangoes.

Analyst Insight

According to Procurement Resource, the price of Mangoes is expected to showcase a mixed trend as with the onset of cooler temperatures, the demand as well as the prices of mangoes are expected to fall.

Procurement Resource provides latest prices of Mango. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.