Brazil’s orange juice exports fall 20%
Jul, 30, 2019 Posted by datamarnewsWeek 201932
Total Brazilian orange juice exports (FCOJ equivalent to 66 brix) fell by 20% in the 2018/2019 crop (July 2018 to June 2019) compared to the 2017/2018 crop.
According to data from the Foreign Trade Secretariat (Secex), compiled by CitrusBR, the volume of orange juice exports in the last harvest was 925,884 tons. In the previous harvest, shipments had totaled 1.15m tons. In turnover, exports totaled US$1.7bn, down 18% from the US$2.1bn of the previous harvest.
“In the 2018/2019 harvest, Florida’s hurricane season was mild, unlike in 2017, when Hurricane Irma devastated the orchards and greatly damaged local production, forcing Americans to import much more juice,” explains Ibiapaba Netto, Executive Director of the National Association of Citrus Juice Exporters (CitrusBR). “Yet in Europe, we noticed a certain retreat that can be associated with migration to other products, a fact that has been constant in recent years,” he adds.
Brazilian exports of concentrated and frozen juice (FCOJ), traded on the stock exchange, totaled 660,700 tons in the last crop year, down 24.7% compared to the previous cycle. The European Union imported 446,300 tons, 12.92% below the same period last season. For the United States, FCOJ exports fell 56.7% to 88,800 tons.
Source: Comex
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