Crop failure in Brazil should push orange juice stock to the limit in 2022

Published 2021년 6월 9일

Tridge summary

The upcoming orange crop in Brazil's São Paulo and Triângulo/Southwest Mineiro belt is expected to yield below the historical average, as stated by the CitrusBR association. This could result in record-low juice stocks by the end of 2022, reaching just 310,759 tonnes, a 34% decrease from the previous cycle. The reduced production is attributed to drought and high temperatures, with the 2021/22 crop forecast being 10.5% lower than the historical average. This situation is causing concern for the industry, which processed 31.54% less orange boxes in the previous cycle, leading to a significant drop in juice production.

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

Original content

The new orange crop (2021/22) in the São Paulo and Triângulo/Southwest Mineiro belt, whose production is expected to come below the historical average, should pressure juice stocks to the minimum level necessary for the industry in 2022, warned the association of exporters of drink CitrusBR this Wednesday. The reserves of concentrated orange juice equivalent to 66 degrees brix held by companies associated with CitrusBR should reach 310,759 tonnes on June 30, 2021, at the end of the current season, down 34% from the previous cycle. Oranges for sale at a market stand in Rio de Janeiro (Photo: REUTERS/Pilar Olivares) Although it is necessary to wait for the ripening of the harvest that begins, it is possible to predict that stocks on June 30, 2022 will be even lower than current ones, said in a note the executive director of CitrusBR, Ibiapaba Netto. "The trend is for stocks in 2022 to be really close to what is called the technical operating limit, which is precisely the amount of ...

Source: Agroinforme