Reduction in Global Supply of Orange Juice

Price rises are estimated due to the 25% reduction in exports from Brazil and the decline of 28% in the orange crops in the United States.

Tuesday, July 29, 2014

From a statement issued by the Foreign Trade Promotion Office of Costa Rica (Procomer):

In the first half of 2014, exports of Brazilian orange juice showed a significant drop. Up until May, exports totaled 375,000 tons, down 25% compared to the same period in 2013. In value, Brazilian exports decreased by 30% to $679 million.

In the first five months of 2014, the average selling price per ton was $1809, 5.6% less than the value in the previous year. It is worth mentioning that most of the volume is traded via contracts with closed in advance, which do not follow the spot market price, which affects large producers.



More on this topic

Strong Rise in International Price of Orange Juice

October 2017

The decline in the US supply caused by the effects of Hurricane Irma on Florida plantations is an opportunity for Central American producers.

The international price of concentrated orange juice increased by 24% between early July this year and October 3, going from $1.25 per pound of solids to $1.55. Producers of the fruit in Costa Rica even believe that the price could rise more in the coming weeks.

Sharp Rise in International Price of Orange Juice

January 2014

The decline in the U.S. supply caused by the effects of a pest in plantations in Florida, creates opportunities for Central American producers.

An attack of the yellow dragon disease in plantations in the state of Florida, the second largest supplier of orange juice, caused a decrease in supply resulting in a price increase.

A Prosperous 2012 for Oranges

January 2012

Current prices of around $2 per pound of solids, the highest prices since 2007, are consistent with market developments since that year and should remain at that level.

The finding of fungicide residues in a shipment of concentrate from Brazil, the world's largest producer, coupled with fears that frosts would affect plantations in Florida, caused prices to shoot up in US stock exchanges to record levels of $2.13 per pound of solids on January 10th.

International Price of Orange Juice on the Rise

January 2010

The price per pound has climbed to $1.36, after a series of frosts affected orange plantations in Florida, U.S.

Carlos Odio, head of Tico Fruit, one of Costa Rica's largest exporters of the product, added that the price has been rising since November, recording a high of $1.5 per pound on December.

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