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Market Data 22.02.2024

Brazil: New flowers blossom in some areas in São Paulo

After the return of rains in São Paulo, orange producers surveyed by Cepea said that flowers have been blossoming since early February in some areas, and they may refer to out-of-season fruits.

Brazil: New flowers blossom in some areas in São Paulo
(Photo: CEPEA)

After the return of rains in São Paulo, orange producers surveyed by Cepea said that flowers have been blossoming since early February in some areas, and they may refer to out-of-season fruits.

In general, players say that the volume of fruits originated from these flowers may not be high, which can be insufficient to compensate the fruitlet abortion verified in the last quarter of 2023. These new flowers bring a positive expectation, since the remuneration of oranges in the next season is expected to be good.

The orange supply was very limited in the in natura market in São Paulo in mid-February, since it is considered the offseason period. Therefore, the market has been supplied mainly by out-of-the-season pear oranges and remaining volumes of late fruits. However, some producers were already harvesting early varieties (especially hamlin and westin), in order to increase the supply.

Fundecitrus has released the third update on the 2023/24 orange crop in the citrus belt in São Paulo and Triângulo/Sudoeste Mineiro, keeping the projection of 307.22 million 40.8-kilo boxes, stable compared to the previous report, but downing 0.7 % in relation to the initial forecast and 2.2 % against the 2022/23 season.

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