Canada, a market that is sometimes complex to understand in this category given the multiple variables that can affect its stability and variability of supply and demand, in the first 2 months of the year the market has shown a stable behavior at a general level.

Mexico, at the beginning of 2026, continues to be positioned as its main and natural supplier for decades, with no real threat of losing its leadership in the short and medium term. Currently, the market lacks an alternative source for its products among importers, distributors, retailers, and the retail sector involved in the business. At the beginning of this year, we expected to see a small but significant volume coming from Morocco, but this volume neither materialized nor arrived due to the fears felt by the main importers regarding the difficult market they faced throughout the second half of 2025. Therefore, their imported volume was zero, and the supply continued to come from Mexico, which, thanks to its quality, fast logistics, and short distance, offers the protection this market needs against sudden fluctuations.

Peru, also lacking a presence in the wholesale market and with only a very small volume on the shelves of some supermarket chains, is a country of origin that does not enjoy significant demand in the wholesale market. Colombia, with no general presence and no other third-party origin being promoted or boosted at the moment in 2026, leads us to conclude that we see a calm market in the first two months, with volumes entering at a rate of 90-100 FCL/week. The trend continues to favor sizes 40/48 for supermarkets, 48/60/70 for the wholesale market, and 70/84 for the development of the market for mesh bags and other presentations that are experiencing growing consumption and are becoming more accessible to consumers in supermarkets.

The calm that the market has shown is reflected in its price stability in the last 6 weeks where its variation has not exceeded 2-3% and they fluctuate around the following selling values in the open market, S40 (CAD 46 / 48), S48 (CAD 50 / 52), S60 (CAD 48/50), S70 (CAD 43 / 45), S84 ( 39 / 40), S70 - 14*5 Ct (CAD 50), S84 – 14*6 Ct (CAD 46 / 48).

What to expect? The market won't experience any major changes for the time being. We'll have to wait and see how the complex social situation in Mexico progresses and evolves, and what impact this might have on border crossings. A lower entry rate will cause the market to react. For now, the effect hasn't been felt, and the market isn't experiencing any tension. Colombia and Peru are starting their harvests this season, but as mentioned before, these aren't origins that will significantly impact market behavior.