Brazil increased imports of oranges and tangerines

Published 2024년 8월 21일

Tridge summary

The 2024/25 agricultural campaign for orange juice exports started in July with a slow pace due to limited supply, as confirmed by lower orange production in São Paulo and Triângulo Mineiro. Despite a decrease in shipments, Brazil earned USD 198.9 million from exporting 53.4 thousand tons of orange juice in July, an increase in revenue due to higher prices. Importes of fresh oranges and tangerines surged due to low domestic supply and high prices, with record volumes imported from January to July. The orange harvest is progressing well, but most of the production is being processed into juice due to high purchase prices, leading more fresh market producers to allocate oranges for processing.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The 2024/25 agricultural campaign for orange juice exports began in July and shipments, which had been declining in 2023/24, continued to move at a slow pace. This scenario was already expected, as supply is limited in Brazil, due to the confirmation of lower orange production in the state of São Paulo and in Triângulo Mineiro, Cepea detailed. Meanwhile, imports of fresh oranges and tangerines increased in July. In the case of orange juice exports, according to Comex Stat, Brazil shipped 53.4 thousand tons of the product in July, 38% less than in the same month of 2023 and the limited supply boosted prices. As a result, revenues totaled USD 198.9 million, up 9% compared to July 2023. NFC orange juice shipments totaled 164.2 thousand tons in July and revenues totaled USD 96.45 million, increasing 3% and 55% compared to July 2023. Regarding FCOJ exports, the total was 23.6 thousand tons (-59%), and revenues were USD 102.4 million (-15% year-over-year). Fresh orange imports reach ...

Source: MXfruit