Date: February 2, 2024

Food and Agricultural Commodity Market Briefing

Peruvian frozen mango prices reported to S&P Global Commodity Insights have surged to $4.0/kg CFR from last year’s $1.75-1.80/kg CFR range. Processors in Peru are facing stock shortages due to reduced production from the El Nino climate pattern.

The growing demand for Peruvian frozen mangoes has led to a noticeable price hike.  One of the main reasons for this price hike is due to limited stocks and decreased production caused by El Nino – a climatic phenomenon that has impacted Peru’s mango growing regions. Many processors in the country have reported being sold out or having limited supplies because of this weather event.

Despite these challenges, Peruvian frozen mangoes remain a popular choice among consumers. Their sweet and juicy flavor make them a versatile ingredient for various dishes, such as smoothies, sorbets, and even savory dishes.

In addition to their delicious taste, Peruvian frozen mangoes also offer numerous health benefits. They are rich in antioxidants, vitamins A and C, as well as dietary fiber. These nutrients can help boost the immune system, improve digestive health, and promote healthy skin and hair.

At Lakeside Food Sales, we take pride in sourcing the highest quality Peruvian frozen mangoes for our customers. Our partnerships with trusted suppliers allow us to offer competitive prices without compromising on quality. We understand the challenges that come with fluctuating market prices and strive to provide our customers with consistent supply and excellent service.

Lakeside Food Sales Inc is a bulk food ingredient supplier and distributor. Due to many of our products being Food and Agricultural Commodities, we closely monitor various reports offered by product manufacturers and data, analytics and climate conditions that are released by various world organizations. This data often provides insights into pricing for raw material for raw food ingredients that we supply to clients.

The content and viewpoints shared in this presentation were crafted by Lakeside Food Sales Inc. It contains forward-looking statements grounded in anticipated future events, yet remains subject to risks and uncertainties. Lakeside Food Sales, Inc. does not guarantee the accuracy of the content shared within, as this data was derived from various reports and briefings published by one or more industry resource and/or government agencies or world organizations.