Market Analysis: Mango Powder Dynamics
No significant price increase is expected in the coming weeks as a surge in mango powder production and ample old stock are keeping the market under bearish pressure. With new arrivals from Maharashtra and Gujarat, and a rebound in production levels, prices are anticipated to remain sluggish. Here’s a detailed look at the current market scenario and future expectations.
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Current Price Overview
Variety | Price Range (USD/kg) | Trend |
---|---|---|
Khapata | USD 9.60–10.80/kg | Weak |
Indoicha | USD 22.20–25.20/kg | Weak |
Jagdalpur | USD 15.00–15.60/kg | Weak |
Chhindwara | USD 21.60–24.60/kg | Weak |
Market Drivers
- Increased production up to 75-80% of normal levels compared to last year’s 25-30%.
- Ample old stock still available in the market.
- New arrivals expected to pressure prices further.
Weather Outlook – Major Growing Regions
Favorable weather conditions have been aiding the recovery of mango production. However, traders should remain vigilant for any unexpected weather disruptions that could impact supply and prices.
Price Forecast – Next 3 Days
Given the current market conditions, prices are expected to drift lower, especially for lower-quality mango powder as new stocks hit the markets.