Brazil: Orange production to increase by 14% in 2020-2021 season despite drought

Published 2020년 12월 30일

Tridge summary

Oranges: Brazil's production is set to increase by 14% in the 2020-2021 season, despite drought, reaching 16.9 million tons and resulting in a nearly 20% increase in orange juice production. Meanwhile, Spain and Italy also anticipate increased orange production, contributing to a potential easing of price pressure caused by the COVID-19 pandemic's high demand. Despite these increases, a decrease in Florida's orange harvest and ongoing consumer demand for healthier products might lead to sustained higher prices.

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

Original content

The production of oranges in Brazil in the 2020-2021 season will increase by 14% y / y, although the production potential has been limited by the drought in this country. An increase in the production of oranges is also expected in Spain and Italy, which will reduce the pressure on price increases, driven by high demand due to COVID-19 - reported Agro Navigator of PKO BP Bank. According to USDA, the production of oranges in Brazil in the 2020-2021 season may reach the level of 16.9 million tons, which means an increase by 14% y / y as compared to a drop by as much as 23% y / y in the 2019-2020 season. The recorded lack of rainfall and high temperatures in September and October in Brazil, however, limited the production potential of this fruit in 2021. This means that the Brazilian harvest may be about 12% lower compared to the 2018-2019 season. The increase in the harvest will mean that the production of orange juice (Brazil is its largest producer and exporter in the world), in ...

Source: Sady Ogrody