Orange juice is back on the menu but a shortage is expected worldwide

Published 2020년 11월 9일

Tridge summary

The global production of orange juice is projected to decrease to 1.6 million tonnes in the 2020-2021 season, a significant drop from the previous seasons, leading to a supply-demand imbalance of approximately 100,000 tons. Despite the decrease in US growth, the demand for orange juice remains strong due to its health benefits. Brazil is expected to increase the prices for Frozen Concentrate Orange Juice (FCOJ) at the end of the year, which could create serious competition for Spain. Egypt's orange production is expected to increase due to higher demand for fresh oranges. Spain is experiencing a record harvest of lemons, while Argentina is expecting a small harvest and struggling with overproduction of lemon juice concentrate.

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

Original content

Neil Murray of IHS Markit, provider of market analysis, told attendees at the first Global Citrus Congress yesterday that the outlook for global orange juice production this season is not very good and is estimated at around 1.6 million tonnes, compared to 1.7 million tons last season, which already meant a significant decrease compared to the production of 2 million tons the season before. "2017-2018 was not a particularly good year either, but this is a pretty low level for orange juice production," he said. The global supply of orange juice will thus be severely limited in 2020-2021, while demand is almost the same as last year, creating an imbalance of roughly 100,000 tons. Photo12337175 © Andrew Unangst | Dreamstime.com Demand for fresh oranges is expected to remain strong, potentially leading to less fruit going to processors. This could boost prices, and that's not a bad thing, "notes Murray." The good news is orange juice is back on the menu. People no longer think about ...

Source: AGF