Orange juice exports from Brazil grow 24% between July and October

According to the National Association of Citrus Juice Exporters (CitrusBR), orange juice exports from Brazil increased by 24% between July and October 2019 compared to the same period last year, reaching 379,457 tons.

The increase in Brazilian shipments of the product (FCOJ equivalent to 66º Brix) was driven by a 31% growth in sales to the European Union, Brazil’s main orange juice buyer, which totaled 277,709 tons in the period.

According to the note, the high of orange juice exports from Brazil was already expected for this time of the season, which represents the first four months of the crop year, as there is a need for more space to be cleared in the Brazilian tanks, aiming to receive juice from the new crop.

“We are processing a large crop, so it is natural that there is some movement of stocks, which at this moment makes it difficult to distinguish this movement from a possible increase in demand,” said CitrusBR CEO Ibiapaba Netto in a statement.

The United States, the second largest buyer of Brazilian orange juice, acquired 5% less in the first months of the crop compared to 2018, totaling 53,488 tons.

“The fall to the US is also expected as US stocks are too high, which slows shipments,” said Netto.

Total revenue from orange juice exports between July and October reached US$655.40m, up 11% from the same period last year, CitrusBR added.

The following chart, made from Datamar’s DataLiner data, shows Brazilian orange juice exports month by month:

Chart Source: DataLiner/Datamar

Source: Reuters

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