Global citrus report released and citrus production increased slightly, orange juice supply fell for two consecutive years, and Brazil's inventory was halved

Oranges/Mandarins Global orange/mandarin production is expected to increase by 1.2 million tons to 38.2 million tons in the 2023/24 season, due to significant production increases in China and Turkey. The increase in supply is expected to drive growth in consumption and exports. With favorable weather conditions in domestic production areas this season, provinces such as Hunan, Hubei, Guangxi and Jiangxi will have a bumper harvest, and national production is expected to increase by 400,000 tons to 26.9 million tons. With increased production, consumption and exports will also increase, and Indonesia, the Philippines, Thailand and Vietnam are expected to remain the largest export markets. Among other major producers in the northern hemisphere, production in the United States is expected to increase by 2% to 890,000 tons, benefiting from favorable weather and high yields per unit area in California. EU production is expected to decrease by 297,000 tons to 2.7 million tons, mainly ...