Orange juice exports in Brazil fall 23% in the first half of the 2020/21 harvest

Published 2021년 1월 19일

Tridge summary

Brazilian orange juice exports saw a significant decrease in the first half of the 2020/21 harvest, 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, a 35.9% decrease from the previous period. The high production of juice in the harvest and the need to replenish product stocks were the primary reasons for this decline. Europe remained the dominant market for Brazilian exports, holding a 65.94% share, followed by the United States, Japan, China, and Australia. Exports to all these countries experienced a decrease in both volume and revenue. This decline is attributed to the bienniality of citrus production, where years with larger harvests lead to increased exports. However, it does not necessarily indicate a trend of lower exports in the future.

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

Original content

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 Secretariat of Foreign Trade (Secex), were compiled by the National Association of Citrus Juice Exporters (CitrusBR) and released on Tuesday, 19. In revenue, exports totaled US $ 680.029 million, amount 35 , 9% lower than the revenue of US $ 1.062 billion registered between July and December 2019. The executive director of CitrusBR, Ibiapaba Netto, said in a statement that the main reasons for the fall continue to be the high production of juice in the harvest and the consequent replenishment in product stocks. 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 previous period. This made it possible to ...

Source: CanalRural