Orange juice: Brazilian exports fall 23.5% from July to December 2020, to 497,490 t

Published 2021년 1월 19일

Tridge summary

Brazilian orange juice exports saw a significant decrease in the second half of 2020, with a 23.5% drop compared to the same period in the previous harvest. The total export volume was 497,490 tons, and the revenue reached $680.029 million, marking a 35.9% decrease from the previous year. The main reasons for this decline were high juice production and the need to rebuild inventories. Europe continued to be the primary market for Brazilian orange juice, followed by the United States, Japan, China, and Australia. Exports to all these countries experienced a decrease in both volume and value compared to the previous harvest.

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

Original content

São Paulo, 01/19/2021 - Brazilian orange juice exports fell by 23.5% from July to December 2020, which corresponds to the first half of the 2020/21 harvest. 497,490 tons of the product were shipped (FCOJ Equivalent to 66º Brix), compared to 650,459 t in the same period of the previous harvest. The data, released by the Foreign Trade Secretariat (Secex), were compiled by the National Association of Citrus Juice Exporters (CitrusBR) and released today. In sales, exports totaled US $ 680.029 million in the period, an amount 35.9% lower than the revenue of US $ 1.062 billion recorded between July and December 2019. The executive director of CitrusBR, Ibiapaba Netto, said in a statement that the main reasons for the decline continue to be the high production of juice in the past harvest and the consequent rebuilding of the product's inventories. According to the executive director of CitrusBR, "in the past harvest we had a production of 1.2 million tons of juice, 37.4% above the ...

Source: Broadcast