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Global citrus fruit trends focus on oranges: January to March 2023

Published Mar 6, 2023

Tridge summary

In the 2022/23 season, global orange production saw a decrease of 5% compared to the previous year, attributed to reduced harvests in the European Union, Brazil, and the USA. The EU witnessed a 13% drop in production due to harsh climatic conditions in Spain and Italy. This shortfall has resulted in a surge in orange prices in the market, with the situation being particularly severe in Italy, where orange harvests fell by 25%. Import levels have risen significantly, while exports have declined, and domestic purchase data shows a 5.8% drop but a 8% rise in average selling prices, leading to a 1.8% increase in total spending. The upcoming season is expected to bring about further challenges with continued supply constraints and higher prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Global and European context. World orange production in 2022/23 is estimated at 47.5 million tonnes, down 5% compared to the 2021/22 campaign, due to reduced harvests in the European Union, Brazil and the USA. Production in the European Union is estimated at 5.9 million tons -13% compared to the previous campaign due to the adverse climatic conditions recorded in Spain and Italy during 2022.Production situation in Italy. An initial balance indicates for 2022/23 a very substantial reduction in the orange harvest compared to the previous year (-25%). Price trend. The contraction of the national and European offer has led to a generalized appreciation of the price lists at the origin of oranges compared to the 2021/22 campaign. The increase in prices was noted on the main markets and for the most important varieties. Foreign trade. The data relating to the first two months of the current campaign, consistently with the scarce availability of the national product, show a sharp ...
Source: ITIsmea
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