Tropical Fruit Market Report (26.04.2024)
Summary: This report provides a brief overview of the market conditions for four tropical fruits: pineapple, papaya, mango, and coconut.
Pineapple:
- Supply: Daily supply has decreased significantly after the Songkran holidays (April 13-18, 2024), dropping from 2,500-3,000 metric tons (mt) per day to just 2,000 mt per day.
- Price: Prices have risen due to the lower supply. Currently, pineapples are selling for 15 baht/kg (ex-factory), compared to 10-11 baht/kg earlier this year. Fresh core pineapples are fetching even higher prices, at 20 baht/kg.
- Outlook: The situation is expected to worsen as the summer crop reaches its peak. There is little hope for improvement in pineapple prices during this growing season. The next potential changes might occur with the winter crop expected in November 2024.
Papaya:
- Market: No significant changes reported since the last update.
Mango:
- Supply: Supplies are holding steady and not exceeding demand as the current crop nears its end (expected by the end of April).
- Price: Mango prices remain stable compared to the previous year (2023).
Coconut:
- Supply: A significant decrease in supply due to severe drought is impacting the market.
- Price: Prices have risen due to the lower supply. This trend is also being observed in Indonesia and the Philippines.
Note: This report is based on limited information and may not be fully comprehensive. It is recommended to consult with industry experts for a more detailed analysis.