By Will Cavan
International Mango Organization (IMO)
Vista, California
August 17, 2011
14 containers of Brazil's Tommy Atkins mango are expected by the end of this week.
Brazil plans an organized shipping season reaching a maximum of 100 - 110 containers per week in a concerted effort to keep prices in the $6.00 - 8.00 range.
Last seasons volume range of 6,000,000 cartons produced positive results for Brazilian shippers.
With a very strong local economy, and an exchange rate that hurts exporters, there is very little motivation for Brazil to ship to the USA.
The local markets pay cash at the farm gate, and the thought of going through the arduous export process and protracted cash flow scenarios in exchange for a weak currency in very unappealing this year.
This past Saturday a second shipment of roughly 75 containers left the port of Salvador destined for the East Coast USA. Transit times are roughly 14 days from Brazil to USA.
Quality and maturity looks very good this season out of Brazil.
International Mango Organization (IMO)
Vista, California
August 17, 2011
14 containers of Brazil's Tommy Atkins mango are expected by the end of this week.
Brazil plans an organized shipping season reaching a maximum of 100 - 110 containers per week in a concerted effort to keep prices in the $6.00 - 8.00 range.
Last seasons volume range of 6,000,000 cartons produced positive results for Brazilian shippers.
With a very strong local economy, and an exchange rate that hurts exporters, there is very little motivation for Brazil to ship to the USA.
The local markets pay cash at the farm gate, and the thought of going through the arduous export process and protracted cash flow scenarios in exchange for a weak currency in very unappealing this year.
This past Saturday a second shipment of roughly 75 containers left the port of Salvador destined for the East Coast USA. Transit times are roughly 14 days from Brazil to USA.
Quality and maturity looks very good this season out of Brazil.
