Australian Navel Orange Exports to Japan Affected by the Container Shortage

Australia is facing logistic issues with a low container and vessel availability for exports. In July 2022, many navel orange buyers in Japan received just 50% of their original order since there was no shipping space. In the first week of August, the export volume from Australia to Japan increased, however, the improvement is forecasted to be short-term because of the Obon festival in Japan. After the Obon festival, demand is likely to decrease. Australian exporters might have to make discount sales, presumably by 7 to 8%, to move some stock in the Japanese markets.