Brazilian orange juice exports fell 26% in Q1 of 2020/21 seasonOct, 22, 2020 Posted by Ruth Hollard
According to CitrusBR, an association that brings together Brazilian citrus juice producers and exporters, Brazilian orange juice exports dropped 26% to 223,682 tons in the first quarter of the 2020/21 harvest, which started in July. The product was pressured by the downward cycle in fruit crops combined with the high level of beverages stocked abroad.
During small harvest years, juice shipments (FCOJ Equivalent to 66º Brix) are seasonally lower when compared to “full” seasons, said the executive director of CitrusBR, Ibiapaba Netto. The 2019/20 harvest resulted in 1.2 million tons of juice, 37.4% above the previous period. According to Netto, with a high level of production, it was possible to replenish stocks that were quite low in the same period last year.
The replenishment of reserves required a greater movement of juice from Brazil abroad “and that explains why this year shipments are so low”, he said, emphasizing that the good performance of the first quarter of 2019/20 raised the base comparison for the current crop.
After the processing of the 2019/20 harvest, 36% higher than the previous one and months at a strong export pace, inventories were replenished to 471,138 tons on June 30, 2020.
Consult the chart below for monthly Brazilian orange juice exports since January 2017:
Monthly Brazilian Orange Juice Exports (HS 2009.1) | Jan 2017 to Aug 2020 | WTMT
Graph source: DataLiner (To request a DataLiner demo click here)
Report source: Reuters
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