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Market Data 19.06.2019

Gain Report: Citrus semi-annual 2019

The Brazilian orange crop for 2019/20 (MY 2018/19) is projected at 494 million boxes, a 26 percent increase vis-a-vis the previous season. Citrus trees are vegetatively recovered from the previous year and weather conditions supported good blossoming, fruit setting and development.

Gain Report: Citrus semi-annual 2019

The Brazilian orange crop for 2019/20 (MY 2018/19) is projected at 494 million boxes, a 26 percent increase vis-a-vis the previous season. Citrus trees are vegetatively recovered from the previous year and weather conditions supported good blossoming, fruit setting and development. Total frozen concentrate orange juice (FCOJ) production is forecast at 1.397 mmt, a sharp increase in relation to the previous year (1.004 mmt) due to expected higher fruit availability for crushing. Cumulative orange juice exports to the United States during the July 2018 – May 2019 cycle are reported at 185,000 mmt of FCOJ equivalent, significantly down from the previous cycle (302 mmt FCOJ equivalent), due to the recovery of the crop in Florida. FCOJ ending stocks are projected at 240,000 mt, 65 Brix, an increase of 140,000 mt compared to MY 2017/18, due to projected higher juice availability.

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