Summer mango price wars in Saudi markets
Annual mango price wars are to begin shortly with the arrival of the summer season, anticipated the London-based Al-Sharq Al-Awsat daily. As demand for mangoes in Saudi markets peaks during the hot summer months, local fruit dealers launch fierce price wars.
Nearly 30 Saudi importers are involved in the mango business, as well as 40 other supporting companies, from countries such as India, Pakistan, Yemen, Sudan, South Africa, Kenya, Australia, the Philippines and Indonesia.
Fruit imported from India, Pakistan, Yemen and Sudan flood the Saudi market yearly, beginning in May, and continuing through the summer. Kenyan and South African mangos enter the Saudi market in the period of December through April.
According to local market sources the Saudi mango market is 30 percent controlled by Yemen, 20 percent by Pakistan, 15 percent by India and Sudan, five percent by South Africa and another five percent controlled by Australia, the Philippines and Indonesia.
The same sources report yearly mango consumption at 400 tons, valued at 35 million Saudi riyals per annum ($9.3 million), 80 percent of which is consumed in Riyadh and Jeddah. — (MENA Report)
© 2001 Mena Report (www.menareport.com)