W5: Weekly Orange Update
Egypt
Egypt Has Overtaken Turkey to Become the Main Supplier of Oranges to Uzbekistan (Jan 30)
In 2022, Egypt became the primary supplier of oranges to Uzbekistan, replacing the previous long-term leader, which was Turkey. According to preliminary estimates, the volume of orange imports to Uzbekistan in 2022 set a record, having increased by one and a half times compared to 2021. The main reason for this is the liberalization of imports, as well as the ongoing economic growth in the country, which contributes to the expansion of the range of products consumed by the population.
Egyptian Orange Selling Prices Dropped in W4 in Chinese Market (Jan 30)
Halfway through the Chinese New Year holidays in China, demand for fruit gift boxes has dramatically decreased. The price of Egyptian oranges has dropped as expected. W4 prices of Egyptian oranges are as follows:
56/64 pcs: USD 25.06-26.53-25.17/15kg (RMB 170-180/15kg)
Prices have decreased by USD 3.68-5.16/carton (RMB 25–35/carton) compared to before the CNY holiday, and product sales are moving very slowly.
Brazil
Pear Orange Prices Continue to Rise in Brazil During W5 (Feb 3)
Pear orange prices continue to rise in W5. Due to difficulties in the harvest, the rains are accentuating the low offer in Brazil. The crop is in the “off-season”, leaving only early fruits.
Vietnam
At the Beginning of 2023, Oranges Have Dropped in Price in Vietnam (Jan 30)
Domestic agricultural products are suffering from low prices since the beginning of 2023 due to low consumption in Vietnam. Right after the CNY holiday, the selling price of oranges fell sharply, but few people bought them. Many people are still on Tet holiday, workers have not returned to work, so demand is low, and purchasing power in retail markets has not yet recovered. Besides, the current weather often rains, and cold air appears across the country, making orange consumption even more difficult.
Spain
Price of Spanish Lane Late Oranges During W5 (Feb 4)
Spanish Lane Late oranges were loaded in the port of origin in W5 for the average price of USD 15.12/14kg box. The ETA to the Brazilian market is W9. The final Egyptian Navel oranges are forecasted to arrive on the market during the same period. After W8, the Spanish Lane Late will have no competition from Egyptian Navels in the Brazilian market, only from Egyptian Valencia oranges.
South Africa
The Citrus Growers Association of South Africa (CGA) has called on the global body the World Trade Organisation (WTO) to urgently establish a panel to adjudicate on the False Coddling Moth (FCM) regime governing the importation of South African oranges to the European Union (EU).
