The main summer crop in Colombia started in the first part of April and will run until the end of July. Harvest conditions are stable. The threat of El Niño did not materialise in the end. Local processors say the fruit quality is normal and that brix levels are in line with expectations of 15.5 +/-1. The crop is expected to produce 92,000-100,000 MT single strength equivalent (SSE). Raw material pricing is slightly up on last season but offers for concentrate remain on par with the past few months at USD1150/MT 28 brix FCA Europe. Demand for Colombian supplies has reportedly been increasing as buyers weigh up production in other regions such as India. Processors in Colombia say they have already allocated more than 50% of the potential output from the current campaign, but that they will keep some free stocks available for buyers following the crop.
Traders in Europe say that mango juice prices on the global market are under pressure due to an oversupply. Nevertheless, processors say that while there are still plenty of mango stocks on the global market, these stocks have a finite shelf-life. Once these older stocks have been drained there are expectations that the market will be back in balance due to the lower supply in some of the key growing regions. Peru’s mango crop was down around 60-70% this year and Brazilian crop was significantly lower as well.