Brazil: Low demand presses down orange prices in the in natura market
Sales of oranges in the in natura market moved at a slow pace in late October. Many consumers were waiting to receive wages in November, leading agents to reduce trades. Therefore, prices, which were moving up in previous weeks, …
Sales of oranges in the in natura market moved at a slow pace in late October. Many consumers were waiting to receive wages in November, leading agents to reduce trades. Therefore, prices, which were moving up in previous weeks, dropped at the end of the month.
According to data from Cepea, pear oranges quotations in the in natura market moved down 0.19 % between Oct. 27 and 30 compared to the previous, closing at BRL 61.47 per 40.8-kg box. Concerning lima oranges, prices averaged BRL 84.13 per box, 7.19 % up.
As for the tahiti lime, prices decreased due to the low demand and to a slight supply increase. The average was at BRL 40.35 per 27.2-kg box in late October, downing 32.39 % compared to the period before. Quotations of the tahiti lime to export have averaged BRL 46.15 per box, 26.56 % down.
At the industry, agents surveyed by Cepea say that orange prices were firm at the end of the month, at around BRL 50.00 per 40.8 kg box. Orange juice sales to the international market were moving at a slow pace. Thus, the sector waits for shipments results in October and November to have better indications of the demand from abroad.