Pricing in Mexico – offers on FJOC between 1650-1700 $/mt FOB (for EU and Asia)
Global pricing: Leading the top 4 – Brazil, Mexico, USA (Florida) and the EU (leading Turkey and Spain) The increasing demand for fresh oranges has led to high price increases in the fresh market and especially in the market for processed oranges. Retail sales increased and demand is expected to be higher than the market can offer. Due to the virus, there was an increasing demand for oranges – fresh and brand new. The Covid 19 crisis had a limited impact on the 2019/20 harvesters, but the production yield is 5% lower than last season. The following figures should give a clear picture of Brazilian stocks for 19/20 and 20/21. The current global volume is estimated at 420 782 MT (66 Brix with a ratio of 11-18). Season 20/21 is currently running, the harvest volume is declining compared to last season due to high 2019/20 stocks still available in tanks, warehouses and international stores. Trading areas in Brazil are the state of Sao Paulo and the western part of Minas Gerais.
Exports from Mexico are also concentrated on sales for the US market, and smaller quantities are shipped to Europe and Asia.īrazil – July to January with peak harvest in August Due to the high influence of demand in the fresh market, the availability of oranges for the juice industry has been reduced. Mexico – season for Navel and Valencia varieties:Įarly varieties: October-December, higher quality Valencias run from January to April.Ĭovid-19 has had a great influence on production in the main growing region of Veracruz. The crop should be similar to the crop figures for the 19/20 season. For the 20/21 season, the predictions for the next harvest are favourable, as it rained only occasionally and the trees should be in high bloom. The harvest figures for the 19/20 season were lower than the pre-harvest figures, as the trees were subjected to varying degrees of stress, which resulted in fruit loss for most Valencia varieties. Sales in Florida are concentrated on the North American market. Top 4 – Brazil, Mexico, USA (Florida) and EU (with Turkey and Spain leading)įlorida – Season for Navel and Valencia varieties: October to January. Data from retail sales are good, but below the initial figures reported at the beginning of the lockdown.Ĭountries that produce orange juice concentrates: Slow sales by hotels and airlines and no sales date reported from the food service sector. MARKET FOCUS – JULY 2020 GLOBAL MAPPING – MAJOR ORANGE – GROWING REGIONS Covid-19: Impact on the market for orange juice concentrate
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