Peru holds back mangoes after drop in price

mangoesPeru has cut mango exports dramatically as growers there respond to dropping prices.

“Our growers have sent only half of what we hoped for,” said Homero Levy de Barros, president of Pompano Beach, Fla.-based HLB Specialties LLC.

Shortly before Christmas, growers in San Lorenzo Valley, Cieneguillo and Alto Piura announced a 15-day suspension of sales. The price paid to farmers for 20 kilograms of mangoes had fallen from the equivalent of $10.58 to $3.13 in less than a month, the Peruvian newspaper Diario Correo reported.

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