Several organizations participating in the first days of the new Peruvian mango season are beginning to see market trends.
Jorge Luis Céspedes Amanzo, general manager of Soluciones Comerciales y Agrícolas (Socagro), said the first four weeks began with dispatches of the Edward variety and that, contrary to initial projections, prices increased.
According to Céspedes, this upward trend is mainly due to two factors. The first is local and regional demand, especially Peru's internal demand and strong demand from the Ecuadorian and Colombian markets, which has pushed prices up to S/ 1.70 per kilo. "This has motivated producers to allocate their best quality to these markets."
The second factor is the staggered production of the Edward variety, which has resulted in a limited supply and an upward push in prices. "Last week, two companies started making purchases, generating a slight increase in the price. In the coming days, more companies are planning to start their acquisitions, which could result in a further increase. However, many others are opting to wait for supply to stabilize, looking for more competitive prices," Céspedes added.
The Edward mango is well known for its versatility allowing producers, such as Socagro, to obtain harvests every four months by staggering the flowering, thus ensuring they have continuous production until March in the Piura region, in northern Peru.
Source: agraria.pe