Volume exported and price paid for Brazilian orange juice rise in 2022/23 season

The Brazilian exports of orange juice are on the rise in the current season (2022/23). According to data from Secex (Foreign Trade Secretariat), between July/22 and Feb/23, Brazil exported 776.3 thousand tons of Frozen Concentrate Orange Juice (FCOJ) Equivalent, 14 % more than that shipped in the same period of the previous season. Revenue totaled USD 1.5 billion, 34 % higher, in the same comparison.

The higher increase in the revenue than in the volume exported highlights the higher average price paid for the commodity exported by Brazil. Data from Secex show that the quotations for the national FCOJ Equivalent rose 22 % between the last and the current seasons, and for Not-From-Concentrate juice, 7 %.

Exports to the European Union, the number one destination for the Brazilian orange juice, have decreased 2 % this season, while revenue has increased 16 % because of the recent valuations.

To the United States, exports are on the rise. In the current season, 240 thousand tons of the product have been shipped to this destination, a staggering 82 % up from that last season. Revenue more than doubled (+ 110 %), totaling USD 478.7 million. With shipments to the EU being stable and the increase to the USA, the share of the Brazilian juice in the total imported by the USA rose from 19 % in 2021/22 to 31 % in 2022/23.

It is important to mention that America’s high demand for the Brazilian juice is linked to the fact that the 2022/23 orange season in Florida has been compromised by the high incidence of greening and natural disasters, such as hurricanes and frosts.