Orange juice exports from Brazil fall 23.5% in the first half of the 2020/21 harvest

Published 2021년 1월 19일

Tridge summary

Brazil's orange juice exports in the first half of the 2020/21 harvest decreased by 23.5% compared to the same period of the previous season, totaling 497,490 tonnes. This is due to higher production in the previous season and the citrus bienniality, which alternates years of higher and lower production. The global orange juice stocks held by CitrusBR associated companies also decreased from 253,181 tons to 471,138 tons. The 2020/21 orange harvest is expected to fall 30.36% compared to the previous season due to a severe drought. Despite this, exports are still expected to be intense in the initial months of the season. The majority of exports were to Europe, with a 65.94% share, followed by the United States and Japan.

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

Original content

SÃO PAULO (Reuters) - Brazil's orange juice exports (FCOJ equivalent to 66º Brix) reached 497,490 tonnes from July to December, the first half of the 2020/21 harvest, down 23.5% from the same period of the previous season, when production was higher, CitrusBR exporters' association said on Tuesday. “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 replenish the international stocks of Brazilian juice ”, said the executive director of CitrusBR, Ibiapaba Netto, in a note. The same scenario had already been seen in November, when the entity reported a drop in shipments in the first four months of the harvest. According to the association, on June 30, 2019 the global orange juice stocks held by the companies associated with CitrusBR were 253,181 tons. With the 2019/20 harvest being processed, 36% higher than the previous one, and after months of strong shipment pace, these stocks were replenished to 471,138 ...

Source: Mixvale