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

Orange Juice

World

Published Nov 10, 2020

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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.

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"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 the high sugar content and tooth decay. They buy orange juice because it is good for them and contains a lot of vitamin C. This is a welcome turnaround for the industry, even as the growth rate is declining in the US. ”Orange juice prices will almost certainly rise In Brazil there are still large stocks of Frozen Concentrate Orange Juice (FCOJ) available but juice consumption is likely to be ...

Source: AGF