Avocados in Charts Will lower volumes from Peru f

first_img Avocados in Charts: Will lower volumes from Peru f … In this installment of the ‘In Charts’ series, Colin Fain and Luis Aragon of Agronometrics illustrate how the U.S. market is evolving. Each week the series looks at a different horticultural commodity, focusing on a specific origin or topic visualizing the market factors that are driving change.Mangoes are a rather peculiar crop. Historians tend to pinpoint their domestication to South Asia well over 3,000 years ago. During the Age of Exploration, mangoes spread to Africa and the Americas, chiefly thanks to the Portuguese. The trees, called Mangifera indica, can sometimes live beyond the age of 300 years whilst still producing fruits, and is not uncommon for them to surpass the height of 100 feet (30 meters). In addition, any extended exposure to cold temperatures (under -1°C) is lethal for this tropical plant. As a result, U.S. production is scarce and limited to the south of Florida and California. Import volumes have stayed remarkably stable during the past five years, as evidenced by the following chart:Historical mango import volumes, non-organic(Source: USDA Market News via Agronometrics)[Agronometrics users can view this chart with live updates here]It ought to be noted that Mexico is the largest exporter of mangoes to the U.S., with a long season that spans from February until September. During the previous five seasons, Mexican imports made up around 67% of shipments to the U.S., with Ecuador and Peru trailing at a distant 2nd and 3rd place, each contributing approximately 11%, largely during Mexico’s colder winter months. Historical mango monthly volumes by origin(Source: USDA Market News via Agronometrics)[Agronometrics users can view this chart with live updates here]Looking at mango volumes by country over the past several years, it’s outstanding to see how the virtually identical Mexican production was for 2015 and 2019. Historical mango volumes from Mexico July 23 , 2019 Avocados in Charts: Market jumps US$5 in one week … You might also be interested incenter_img Blueberries in Charts: Mexico sends record volumes … Grapes in Charts: California sees low prices after … (Source: USDA Market News via Agronometrics)[Agronometrics users can view this chart with live updates here]Linking the observations in volume to price, we see an interesting dynamic. For example, it’s worth taking note that after its mid-year gradual drop, 2015 saw prices nearly double.Historical mango prices from Mexico(Source: USDA Market News via Agronometrics)[Agronometrics users can view this chart with live updates here]Thanks to the U.S. National Mango Board’s efforts, Mexico is expecting to send more fruit than it had last year, which was already a much higher volume than in 2015. This estimate indicates that prices could be closer to the same level as last year, but are likely to dip towards the end of August. The bump in prices towards the end of Mexico’s season depends heavily on Brazil’s exports to the U.S. As of yet though, we don’t have a volume forecast to help guide us through that period.Current season’s mango volumes: Arrivals and projectionOne Box = Four Kilos.(Source: U.S. National Mango Board)[View this chart with live updates here]In our ‘In Charts’ series, we work to tell some of the stories that are moving the industry. Feel free to take a look at the other articles by clicking here.You can keep track of the markets daily through Agronometrics, a data visualization tool built to help the industry make sense of the huge amounts of data that professionals need to access to make informed decisions. If you found the information and the charts from this article useful, feel free to visit us at www.agronometrics.com where you can easily access these same graphs, or explore the other 23 fruits we currently track.last_img

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