October 2024 Outlook Report: Fruit

Frozen Grape Frozen Mango Fresh Mango Fresh Grape Fresh Avocado Simple Processed Fruits Brazil

Trade4go

Oct 17th, 2024

- Key Indicators: Global freight prices dropped by 8% month-on-month (MoM) in Sep-24, averaging USD 4,836.65 per 40-foot container. This decline is largely attributed to the closing of the peak season for shipments to Northern Europe and the Mediterranean. Meanwhile, the World Bank's Fertilizer Index dropped by 1.08% MoM, reaching 118.72 points. The decrease was primarily driven by a 1.46% MoM drop in urea prices and a 2.42% MoM decline in potassium chloride prices, which more than offset the 1.60% MoM increase in diammonium phosphate (DAP) rates. - Avocado: Avocado prices in Mexico, Spain, and Chile exhibited overall stability with minor changes on a monthly comparison basis. Supply in Mexico and Chile was sufficient enough to ensure subdued prices. At the same time, Spain faces solid competition from overseas suppliers, particularly Morocco, while in the upcoming weeks, Peru's avocado supply is expected to increase in Europe. - Grape: Fresh grape prices in Peru, a major Latin American producer, showed substantial growth in September, driven by increased demand from international markets. Nevertheless, prices of fresh grapes in Peru are expected to fall as the harvest progresses. On the other hand, there is limited availability of fresh grapes in South Africa and an anticipated decrease in export subdued prices, with minimal monthly changes. - Mango: Major Latin American mango-producing countries showed mixed results in price movements in September. Mexico saw a significant positive increase in mango prices, mainly due to season-ending and low supply of high-quality mangoes. Conversely, the supply volume of fresh mangoes in Brazil and Peru is increasing, ensuring prices are down.