Spanish Navel Price Increased in W12 Due to a Supply Shortage

The Spanish Navel Orange campaign continues, with the Lane Late production window ending and the Powell variety starting production. The shortage in 2023 is causing producers to allocate practically no volume for exports, with the European market being the main destination absorbing Spanish production. The prices are increasing weekly, with the W12 price at USD 1.15/kg EXW Spain, an increase of USD 0.11/kg WoW.