In the first two quarters of 2023, mango production in India suffered due to extended monsoon and high temperatures, resulting in nearly a 40% drop in some mango-producing states. The prolonged monsoon disrupted the necessary conditions for inflorescence growth. This limited supply led to a significant price increase in mangoes in the first quarter. However, in the second quarter, prices plummeted from Rs 80,000/ton to 15,000/ton in a major mango market due to black spot and fungal infections severely reducing crop yields. Distressed farmers were forced to sell their produce at lower prices, causing a sharp decline in mango prices.
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Definition
Mangoes are tropical fruits celebrated for their sweet, juicy, and fragrant flesh. They typically have an oval or oblong shape, with smooth, colorful skin ranging from green to various shades of yellow, orange, and red when ripe. Mangoes are rich in vitamins, particularly vitamin C and vitamin A, as well as antioxidants like beta-carotene. They are known for their refreshing taste and nutritional value. Mangoes are versatile and widely used in culinary applications, including fresh consumption, juices, smoothies, salads, chutneys, and desserts. Their properties make them a popular and sought-after fruit worldwide.
Key Details About the Mango Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Mango in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Mango Price chart, including India Mango price, USA Mango price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Mango Price Trend:
Mangoes have limited industrial applications compared to some other fruits, primarily due to their popularity in fresh consumption. However, they are utilized in a few industrial contexts. Mango peels and seeds contain polyphenolic compounds that can be extracted and used for making natural dyes and colorants in the textile and food industries. Additionally, mango leaves have traditional medicinal uses in some cultures and may find applications in herbal and pharmaceutical products. While these industrial uses are relatively niche, mangoes’ primary industrial contribution lies in the production of mango-based products such as mango puree, pulp, and dried mango, which are processed and packaged on an industrial scale for use in various food and beverage products.
Key Players:
- ABC Fruits
- Food & Inns Ltd
- Agrana Group
- Tradelink International
- Arham Agro Exports
- JJ Agro Industry
News and recent development:
Extended monsoon, warm winter reduce Alphonso mango yield by 40%. The famed Alphonso mangoes, which are native to the Konkan region of the state, are facing a major decline in production this season, which has frightened mango farmers and traders in Maharashtra. The producers stated that the warmer weather had resulted in a 40% decrease in fruit production.
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