Brazil orange juice exports quantity falls 20% from July to December

SAO PAULO (Reuters) – Brazil’s exports of orange juice fell 19.7% within the first six months of the 2024/25 crop when in comparison with the identical interval within the earlier season, exporters’ group CitrusBR stated on Wednesday.

The Latin American nation exported about 535,600 metric tons of orange juice within the interval, stated CitrusBR, which gathers corporations exporting citrus juices in Brazil.

WHY IT’S IMPORTANT

Brazil is the world’s largest producer and exporter of orange juice, whose frozen focus world costs have been hovering round historic highs in New York amid decrease orange provide in Brazil and Florida.

ADDITIONAL CONTEXT

Orange output from Brazil’s key rising areas has fallen lately as a result of antagonistic local weather situations and the unfold of greening, an incurable illness that reduces productiveness.

The present crop in Brazil’s key areas is seen close to a 30-year low, the newest outlook from analysis heart Fundecitrus confirmed in December.

KEY QUOTES

CitrusBR govt director Ibiapaba Netto famous that decrease exports from Brazil additionally come amid a state of affairs of decrease consumption.

“The sector faces 5 cycles of small and medium crops and, in accordance with worldwide references, an unprecedented worth rise that exhibits that demand decline is inevitable,” Netto stated in a press release.

BY THE NUMBERS

The income from Brazil’s orange juice exports rose 42.7% from July to December, to $1.88 billion, amid increased worldwide costs, authorities knowledge compiled by CitrusBR confirmed.

Europe has stored its place as the highest purchaser of Brazil’s orange juice within the interval, representing 42.7% of the whole shipped quantity.