Brazilian mango prices drop by 21%, marking the largest monthly decline since 2007.

According to a report by the São Paulo newspaper, the 21% monthly drop is the largest since September 2007 (when the drop was 25.04%). Historically, mangoes see a price drop in August. Similar trends are common in some foods due to improved production conditions and increased supply at the beginning of the second half of the year. For mangoes, there is an additional factor this year, as the fruit is one of the items affected by the high tariffs imposed by the Trump administration in August. This export surcharge has led to expectations of increased supply within Brazil. According to C6 Bank economist Claudia Moreno, the tariffs may have impacted the IPCA-15 index. She specifically noted that in August's index, prices for meat (-0.94%) and fruit (-1.32%) both fell. Meat is also a product that was not exempt from the tariffs. Claudia pointed out that fish products were also affected, with prices falling by 0.14% in the August IPCA-15 index. However, the drop was less than in July (-2.03%). "Therefore, if fish products were affected, the impact has passed and they should be recovering," said the economist. IBGE recorded the price changes of mangoes in eight capital cities and metropolitan areas in Brazil. In August, mangoes were one of the products that caused a drop in household food prices (-1.02%). The largest drop in mango prices was in Belo Horizonte (-31.61%). The smallest drop was in São Paulo (-9.77%). Due to the uncertainty brought by Trump's high tariff policy, the fruit industry has even pointed out that mangoes may rot on the trees, as there is no market in other countries and even the domestic market in Brazil is saturated and unable to absorb these mangoes.

According to a report by the São Paulo newspaper, the 21% monthly drop is the largest since September 2007 (when it was 25.04%). Historically, mangoes see a price drop in August. Similar trends are common in some foods due to improved production conditions and increased supply in early second half of the year. For mangoes, there is an additional factor this year, as the fruit is one of the items caught in the high tariffs imposed by the Trump administration in August. This export tax has led to expectations of increased supply in Brazil. According to C6 Bank economist Claudia Moreno, the tariffs may have impacted the IPCA-15 index. She specifically noted that in August's index, prices for both meat (-0.94%) and fruit (-1.32%) fell. Meat is also a product that was not exempted from the tariffs. Claudia pointed out that fish products were also affected, with prices falling by 0.14% in the IPCA-15 index for August. However, the drop was less than in July (-2.03%). "So if fish ...