Potential Surge in Mango Powder Prices: Reduced Mango Production and Limited Market Supply Drive Up Prospects for Mango Powder Trade
Shortage of Ready Goods Sparks Price Hike Concerns for Mango Powder
This season, the production of mangoes has significantly decreased, leading to a potential shortage in the market. Mango powder traders, who have seen little profit in recent years, showed less interest in the trade at the beginning of the season. The situation has now changed due to a 36-37% reduction in supply compared to last year. This shortage is creating a favorable environment for profitable trade in mango powder at current prices. Reports from key mango-producing regions like Jagdalpur, Bastar, Bijapur, Nandurbar, Jamnagar, and other areas across Madhya Pradesh, Uttar Pradesh, Bihar, and Bengal indicate a severe shortfall in mango crops.Sharp Decline in Mango Powder Availability Raises Price Projections
Typically, new dry mango powder enters the market starting in early May. However, this year, only 50% of the usual supply has reached the markets in the last two months compared to the same period last year. Currently, white dry mango powder from the Jagdalpur region is priced between $1,56 to $1,62 per kg, up from $1,47 to $1,50 per kg in previous years. Last year, prices were as low as $1,32 to $1,38 per kg. Additionally, the sweet dry mango powder from the Siddharth Nagar region, which typically helps control market inflation, has seen a 60% reduction in supply this year.Mango Powder Prices Expected to Rise Further Due to Limited Supply
In Uttar Pradesh and Bihar, the availability of dry mango powder has also decreased, with black and yellow varieties selling at $1,32 to $1,38 per kg. In Chhattisgarh, reduced new arrivals and a cut in old stock have further strained the supply. Given these conditions, prices for dry mango powder from the Jagdalpur region could increase by approximately $0,36 to $0,42 per kg over the next two to three months. Notably, the supply from areas like Lucknow and Siddharth Nagar has dropped significantly, with production ending 20-22 days earlier than usual. Similarly, supplies from the Giridih Dumka region of Jharkhand are also dwindling, making the current price point very profitable.The significant reduction in mango production and subsequent shortage of mango powder supply have set the stage for potential price increases in the coming months. Traders who invest at current prices may see substantial returns as the market adjusts to the limited availability of goods.