Global citrus market consumption is sluggish and prices continue to fall

Published 2024년 3월 1일

Tridge summary

The global fresh sweet orange market is experiencing a decline due to increased production and decreased demand. The U.S. market remains strong despite a slight drop in production, while Europe sees a sharp fall in prices due to low-cost competition and regional protectionism. Asia's citrus market is stagnant due to reduced consumer demand. Unusual weather has affected Florida's non-juicing orange production, and the Red Sea crisis has increased the cost of Egyptian sweet oranges, leading to more entering the EU market. French farmers are unhappy with Spanish re-export trade, leading to stricter measures by the French government. The EU market price is expected to continue to decline due to geopolitical conflicts and excess supply.

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

Original content

Since the beginning of 2024, with the increase in regional production or input volume, coupled with the decline in consumer demand, the global fresh sweet orange market price has declined to varying degrees. Only the U.S. market price, where production has partially declined, has been relatively strong, but consumption has also tended to Yu Xiaoguo: In the European market, due to the impact of low-priced competing products from third countries and regional protectionism, the market price of local sweet oranges has fallen sharply; shipments from Chinese origin are under pressure, and the market price of fresh sweet oranges has also continued to remain stable. During the same period, the settlement price of global orange juice futures contracts only fluctuated at a high level. As international geopolitical conflicts intensify and the foreign trade radius of major producers shortens, prices in the world's three major consumer markets for fresh sweet oranges may continue to decline. ...

Source: Guojiguoshu