Brazilian orange juice stocks drop 33%

The stocks of concentrated and frozen orange juice (FCOJ) held by companies associated with CitrusBR (Citrosuco, Cutrale, and Louis Dreyfus Company) totaled 316,930 tons on June 30, 33% less than at the end of the first semester, according to information disclosed on August 19 by the entity.

“The reduction in juice stocks was already expected given the drop in orange processing registered in the 2020/21 harvest”, declared the executive director of CitrusBR, Ibiapaba Netto. In 2020/21, the total processing was 222.5 million boxes of oranges weighing 40.8 kg, a decrease of 31.5% compared to the 2019/20 harvest.

See the chart below for a history of Brazilian orange juice exports from 2019 onwards. Data are from DataLiner:

Brazilian Orange Juice Exports (HS 2009.1) | Jan 2019 to Jun 2021 | WTMT

Source: DataLiner (To request a DataLiner demo click here)

Due to the prolonged drought throughout the citrus belt in the State of São Paulo and Minas Gerais associated with the frosts that occurred throughout the month of July 2021, it is not yet possible to estimate the processing of oranges in this 2021/22 harvest.

According to the director of CitrusBR, the conjunction of these two phenomena in the same harvest is unprecedented in the recent history of the segment. “The atypical scenario requires caution in data projections in the face of a possible crop failure,” he says.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/agronegocios/noticia/2021/08/19/estoques-de-suco-de-laranja-brasileiro-c

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