According to José Ángel Crespo, president of the Mango for Export Packing Company (EMEX), Mexico's mango production could decrease by 40% this year due to water shortages. This situation has generated speculation in prices and could significantly affect local trade. Crespo stressed that competition between merchants could intensify, influencing pricing strategies in the face of fluctuating supply and demand.

According to data from the Ministry of Agriculture and Rural Development (Sader), until April 2024, Mexico produced 551,829 tons of mango, which represents a decrease compared to the previous year. In 2023 Mexico produced more than 2,163,000 tons, a record volume led by Sinaloa's production. Crespo said that, despite generating significant demand, droughts have created a deficit that makes it difficult to meet national demand.

The Ministry of Economy has recorded an increase in the price of mango, which has reached a national average of 27.56 pesos per kilo, i.e. 39% over the previous year. Arturo Vega Martínez, president of Canacope CdMx, warned about the shortage of mango in Mexico City and the possibility of an additional price increase. He added that this situation could affect various sectors, such as fruit shops, Mexican restaurants, and grocery stores.

Vega Martinez suggested the business community and consumers diversify the offer and consider importing mango from other regions to mitigate the impacts of shortages. Despite the decrease in domestic production, Trade Map data indicate a 9% increase in mango exports to the United States in 2023, with other important markets such as Canada and Europe. EMEX stressed that the states of Chiapas, Oaxaca, and Sinaloa are important exporters of this fruit.

Source - https://www.freshplaza.com