Tahiti lime prices have been firm in the citrus-producing regions in São Paulo State since mid-June. However, in the first fortnight of August, quotations skyrocketed. Supply has decreased even more steeply, while demand is beginning to warm up – it is important to consider that this year’s winter has been warmer than the average.
Between August 1st and 15th, the average price for tahiti lime closed at BRL 76.70 per 27-kg box (harvested) a staggering 111.87 % up from that in July and 106.85 % above the average in the first fortnight of August of 2022, in nominal terms.
Some growers managed to sell the box for BRL 100.00 in the first half of August. With prices at high levels, many growers harvested all the fruits they were able to, in order to ensure a good revenue, offsetting at least part of the financial losses from the peak of harvest, when quotations were lower than BRL 10/box.
Cepea, collaborators believe that prices will continue high for some time, since supply in SP is only expected to resume rising after the return of rains, which usually occurs in September.
According to Cepea collaborators, in general, fruits quality (peel, amount of juice and size) is considered good, being higher in irrigated orchards – where fruits are growing bigger.
EXPORT – Domestic valuations have influenced the export value for the Brazilian tahiti lime. However, agents believe shipments will decrease soon, since sales in Brazil are expected to get good remuneration and thus reduce the attractiveness of the international market.
It is important to mention that this year’s shipments are currently at record levels, at 103.4 thousand tons (lemons and limes), 0.7 % higher than that from the same period last year, according to data from Secex (Foreign Trade Secretariat). Revenue is at USD 99.25 million, 4.4 % higher, in the same comparison.
After fading for some weeks, tahiti lime prices increased in the second week of June, due to lower supply. Players surveyed by Cepea reported that farmers have reduced the harvesting pace, expecting higher prices in the coming weeks.
In that scenario, between June 12 – 15, the average price closed at BRL 17.96 (harvested), 33.8 % up compared to that in the previous week. This valuation brought some relief to farmers, since quotations had been low since mid-May and that some producers were working with negative margins.
Players surveyed by Cepea expect supply to decrease even more up until the end of June, which may boost values in the domestic market and export prices. However, weak demand may limit valuations, since the weather is cold, which usually discourages consumption. The weather has also been limiting the quality of tahiti lime.
INTERNATIONAL MARKET – The international demand for lemons and limes from Brazil has been increasing. May is not a month of significant shipments, but, this year, the performance was above-average. Secex indicates that Brazil exported almost 23.1 thousand tons in May, 42 % more than the volume shipped in April and 78 % up from that in May last year.
Tahiti lime prices faded in São Paulo State in the first fortnight of March. According to Cepea collaborators, the current hot weather in Brazil has been favoring consumption, however, supply is high, due to the peak of harvest. Thus, quotations were pressed down.
However, many farmers reported that supply is beginning to decrease. The harvesting, which has been in full swing since mid-January, is expected to slow down until the end of March.
During the peak of harvest in 2022 (January – March), the quotations for tahiti lime have been lower than that in the same period of 2021. From the beginning of the year until March 10th, the average price for this variety closed at BRL 21.92/box, harvested, 1.8 % down from that in the first quarter of 2021, in nominal terms. Only in January/22 prices were higher than that in Jan/21.
The lower volume to be harvested in the coming weeks is expected to limit processing. By the end of the first fortnight, four plants were operating in SP, paying from BRL 18 to BRL 20.00 per 27-kilo box, harvested and delivered to processors.
EXPORTS – Brazilian exports of lemon and lime have been high this year. According to Secex, in the first two months of 2022, Brazil shipped to all destinations 22 thousand tons of lemons and limes, 17.1 % up from that in the same period last year, only lower than that in the first bimester of 2020. Revenue total USD 17.3 million, 11.9 % up in the same comparison. Despite higher volume and revenue, the average price (in dollar) paid for the fruit is lower than that from the same period of 2021.
In February, exports performance was a record for the month, favored by high supply in SP and higher quality of the fruits (because of recent rainfall). According to Secex, Brazil shipped 11.8 thousand tons of lemon and lime in February, 13.4 % up from that in Feb/21. Revenue totaled USD 9.2 million, 9.5 % up, in the same comparison.
The Bevolution® Group portfolio just got juicier. The B2B foodservice beverage manufacture is adding not-from-concentrate (NFC) juices to its already robust portfolio that spans from juices and lemonades to smoothie and cocktail mixers, even functional refreshers and add-ins.
Now, new Lemon NFC, Lime NFC, and Pomelo NFC juices join Bevolution’s premium Tropics® brand.
Quality is the defining characteristic of NFC juices. There are no additives or compromising preservatives, just a single ingredient picked peak of season. The delivered product is as fresh as if squeezed that day, naturally rich in colour, flavour, and aroma. It’s a simple but important difference that a chef or mixologist worth her salt will appreciate.
Ease of use and consistency are added benefits of choosing a single-strength juice. One bottle of Tropics 100 % Lime Juice NFC yields as much as 41 hand-squeezed limes without the prep. It can streamline operations and elevate a recipe, providing a key route to efficiency and premiumisation. Use back of the house or front, from cooking and baking to beverage. Whether making a marinade, cheesecake, or signature cocktail, Tropics brings stunning quality and reliable consistency within reach.
That’s because the premium Tropics brand sources from the world’s best growing regions. For example, Tropics 100 % Lemon Juice NFC is made with Spanish lemons selected for their multi-dimensional flavour. Lime and pomelo varieties are equally appealing, respectively sourced from Mexico and the Texas Rio Grande Valley.
“It’s all about taste,” says Head of Sales Robert Corlett. “Quality, great-tasting products with broad application – like our new all-natural NFC juices – bring value to the front of the house as well as the back. That’s when you offer more than a product. You offer a total solution.”
Lightly pasteurised and cold-filled into HDPE containers, Tropics’ new clean label NFC juices are packed in 6-61.5 fl. oz. cases and promptly flash frozen. Product is available for sale immediately. 100 % Orange Juice NFC will join the line later in 2021.
About Bevolution Group
Bevolution® Group is a leading manufacturer of foodservice and specialty coffee beverages. The B2B company offers a versatile portfolio of innovative, high-quality beverage solutions from brands like Tropics®, Dr. Smoothie®, Lemon-X®, and Refrasia®. Bevolution Group additionally offers customized product development and manufacturing capabilities. Markets serviced include restaurants and bars, hotels, healthcare organizations, cafés and coffeehouses, convenience stores, casinos, education campuses, and military facilities across the U.S., Canada, Latin America, and the Caribbean. Production facilities are located in Chicago, Frostproof, FL, and Fullerton, CA.
Summer arrives early with unveiling of unsweetened sparkling Lemon Limeade, Strawberry and Pink Lemonade from the first sparkling water brand made with real squeezed fruit
Lighter, brighter and even more refreshing, lemonade is reimagined as Spindrift®, the first sparkling water made with real squeezed fruit, puts its signature spin on this summertime favourite. Crafted with a uniquely balanced pairing of real squeezed lemons and limes, Spindrift’s Unsweetened Lemonade Sparkling Waters come in three twists on the classic. New Lemon Limeade, Strawberry and Pink Lemonade Spindrift flavours sparkle with 0 – 1 g of sugar, bold real fruit ingredients and a timeless delicious taste that embraces refreshment.
“We’re excited to introduce our newest flavour innovations to lemonade lovers and all of our loyal Drifters, who continue inspire our real-fruit sparkling water vision,” said Bill Creelman, founder and CEO of Spindrift. “Lemonade is a classic beverage enjoyed by all. But with concerns about health and diet at an all-time high, we challenged ourselves to reimagine what this traditionally sugary drink could taste like with a Spindrift spin—real ingredients, uncompromised taste and legible calories. Each Lemonade flavour has a distinct and unforgettable flavour profile that will blow people away and make them do a doubletake on the sugar content.”
In addition to the right combination of real fruit, which Spindrift takes considerable time to get just right, the sugar content in the new lemonade lineup is nearly nonexistent. With just 0 – 1 g of sugar in each can, the bold flavours of lime and lemon truly shine. The result is a new category of lemonade: unsweetened, sparkling with real ingredients and just 3 – 10 calories per can.
This is the first time that Spindrift, in its 10-year history, has introduced three flavours at once with a new line of sparkling water. The flavours include:
- Lemon Limeade – Started with lemon, added a splash of lime and lightly carbonated for a deliciously healthy alternative to sugary beverages.
- Pink Lemonade – with crushed cherries and raspberries, for a touch of sweetness. It’s Lemonade – but Pink.
- Strawberry Lemonade – We started with Lemon and Lime and threw ripe, juicy strawberries into the mix. Together this trio makes for an unforgettable taste you’ll keep coming back to.
Spindrift Lemonade will be shared with the Spindrift Community first. Fans who’ve signed up to be a part of the Drifter Community by February 22nd will receive an email with a promocode for a chance to redeem a drinkspindrift.com exclusive, Lemonade 6 pack. Spindrift Lemonade will be available in March at Target stores in the US and through DrinkSpindrift.com.
Spindrift® is the first sparkling water made with real, squeezed fruit. Founded in 2010, Spindrift® celebrates simplicity, transparency, and the superior taste that only real ingredients can deliver. All products are free of added sweeteners or natural flavours, and only consist of water, just the right amount of bubbles, and real squeezed fruit – yup, that’s it. Spindrift® works with family farms to source the best fruit to make the fresh juices and rich purees they use. The result is light, bright, and flavour-rich sparkling water that tastes just like the fruit in its name. Varieties include: Pineapple, Lime, Blackberry, Cranberry Raspberry, Cucumber, Half Tea & Half Lemon, Grapefruit, Lemon, Orange Mango, Strawberry, and Raspberry Lime. Spindrift® sparkling water is available in the US at grocery retailers and café-style restaurants, including Trader Joe’s, Whole Foods Market, Starbucks, Kroger, Target, and online at Amazon and shop.drinkspindrift.com. Spindrift® was ranked #385 on Inc. Magazine’s 2017 list of fastest-growing companies. The company donates to environmental not-for-profits through their membership to 1 % For the Planet. Spindrift® is headquartered in Newton, MA. (US)
Opposite to the expected by the agents from the Brazilian citrus sector, tahiti lime prices increased in São Paulo State in March, despite the crop peak. The boost came from higher demand, since, in the second fortnight of the month, people were trying to eat healthier, increasing the consumption of vitamin C, because of the coronavirus outbreak worldwide.
However, most of the demand was linked to the increase in the purchases from distributors, retailers and consumers for stocking. Besides, the closure of schools, street markets and grocery stores, and lower sales in restaurants may also reduce the demand for the fruit.
In March, the average price for tahiti lime was 22.2 % higher than that in February, at 12.52 BRL per 27-kilo box.
As regards exports, agents reported a decrease in the volumes shipped, since the coronavirus outbreak affected Europe more severely, so far. Besides, the lower availability of containers for exports and the cancelation of air deliveries also reduced sales to the international market. Thus, tahiti lime prices for exports were lower than quotes in the Brazilian market in March, averaging 12.29 BRL per 27-kilo box.
ORANGE – The demand for oranges was firm in March, and prices remained stable in the Brazilian market. According to growers, the quarantine decree in São Paulo State and the consequent halt in some activities reduced labor, limiting supply and logistic operations. Thus, orange availability was low and, now, many agents are waiting for some early varieties, such as westin and rubi, to ripen in order to start trading.
In March, the average price for pear oranges was 35.35 BRL per 40.8-kilo box, on tree, 6.9 % up compared to that in February. The maturation stage requested by the in natura market is forecast to be reached in most groves between April and May.
Orange prices were weakened in the Brazilian market in May, due to both the colder weather and high supply at the orchards from SP.
As crushing increases in Brazil, citrus farmers tend to reduce orange supply to the in natura market, aiming to prioritize the trades already closed with processing plants – which may prevent prices from dropping more sharply – many farmers allocated large volumes of early oranges to the in natura segment in May, waiting for crushing to start at the industry.
Between May 2 and 31, pear orange quotes averaged 21.17 BRL per 40.8-kilo box, on tree, 33.4 % down compared to that between April 1 and 30.
Concerning tahiti lime, besides the higher supply, quotes were pressed down by the low demand, from both the Brazilian and the international markets. In May, tahiti lime quotes averaged 15.21 BRL per 27-kilo box, on tree, 36.8 % down compared to that in April.
The larger crop estimated by Fundecitrus (Citrus Defense Fund) for the Brazilian citrus belt (São Paulo and Triângulo Mineiro) in 2019/20, at 388.89 million boxes of 40.8 kilos (36 % larger than that from the 2018/19 season), should offset the inventories at processing plants from São Paulo in June 2020, according to Cepea estimates. However, this is not a high supply scenario, since the volume produced in 2018/19 was small and processing plants need to purchase raw material in order to replenish the low inventories forecast for June 2019.
According to CitrusBR (Brazilian Association of Citrus Exporters) estimates from Feb/19, the 2018/19 season should end, in June/19, with the smallest output since June/11, smaller than the strategic amount (of 250 thousand tons). Thus, if these estimates are confirmed, industrial demand may be firm in 2019/20, offsetting higher orange supply – this context has practically been confirmed, considering the anticipated trades closed in late 2018 at firm prices.
According to Cepea’s first estimates, by the end of the 2019/20 season (in June/20), juice inventories may surpass 300 thousand tons (Frozen Concentrate Orange Juice – FCOJ – Equivalent). For this calculation, Cepea considered the initial inventories forecast by CitrusBR (200.6 thousand tons), 300 million boxes crushed (88 million boxes allocated to the in natura market), average yield at 260 boxes for each ton of orange juice and sales at 1.05 million tons.
Thus, although 300 thousand tons are higher than the strategic level stablished, it is important to consider that production has oscillated in the citrus belt from year to year, with periods of larger volumes followed by years of low production. In this scenario, taking into consideration that the 2020/21 crop may be smaller, inventories should be kept stable at processing plants, aiming to avoid major decreases in the global supply.
PRICES PAID TO CITRUS GROWERS IN 2019/20 – Despite the larger volume forecast for the citrus belt, growers’ revenue should be positive in 2019/20, due to high productivity (which may reduce the cost per unit). Besides, much of the output has been purchased at the same price levels from 2018/19, between 20 and 22 BRL per 40.8-kilo box, harvested and delivered at processing plants (counting or not on a participation additional in the juice selling price in the international market).
Harvesting of the late oranges from the 2018/19 crop, which started in the first fortnight of August, should step up in September. Thus, with higher supply of other varieties, the farmers consulted by Cepea believe pear orange quotes (which have been higher than in 2017 since May/18, despite the crop peak) will not oscillate as much next month.
In light of the low pear orange supply this year, due to the weather, processors started to purchase late oranges (mainly valência) last month – only the fruits in the ideal maturation stage demanded by this segment were purchased. Therefore, the delivery of these varieties is expected to step up in the second fortnight of September, with a higher share of natal oranges.
In general, citrus farmers consider good the quality of the late oranges in irrigated orchards, since they can still grow until the harvesting steps up. However, on the farms with no irrigation, the drought has already affected production – either by staining the peel or by preventing the fruits from growing up.
PEAR – As for pear oranges, whose prices are over 34 BRL per box, on tree (for higher quality fruits), quotes are expected to increase even more until the end of the crop, since many farmers have reported low supply of that variety. In September, however, higher availability of late oranges should constrain significant price rises (since processors will still be selective regarding valência and natal purchases, until they reach the ideal standard for harvesting).
In August, pear orange quotes averaged 29.08 BRL per 40.8-kilo box in the in natura market, a staggering 77 % up compared to the same period of August/17, in nominal terms. The boost came from low supply in São Paulo State in 2018/19, large purchases from processors from SP and the volumes already sold through mid and long-term contracts. Thus, if competition between processors increases, prices in the field may rise even more in the coming months. Pear orange productivity should have the sharpest decrease compared to 2017/18, at 31.2 %.
TAHITI LIME – Tahiti lime quotes also increased in August. According to Cepea collaborators, many farmers interrupted harvesting, aiming to push up prices again – once the variety, still green, may stay longer on trees. Besides, international demand increased in that period too. Thus, between August 1 and 31, tahiti lime quotes averaged 35.75 BRL per 27-kilo box, harvested, 21.4 % up compared to that between July 2 and 31.
Tahiti lime supply is expected to continue low next month, which may boost prices. In the off-season period (from September to October), many of the fruits still on tree will not have reached the ideal size and color to be harvested. Farmers believe tahiti lime volumes will increase only in November – if it rains during these months and if the volume is enough to favor fruits development on tree.
A mouth-watering blend of sparkling spring water, apple cider vinegar with mother, honey, fruit juices and carefully selected botanical extracts that will delight your taste buds, satisfy your thirst and fuel your body with natural goodness.
Sugar Tax exempt, with only naturally occurring sugars from the fruit juices and honey, and certified organic by the Soil Association, Switchle is curiously crafted in small batches from only the finest natural ingredients. Each 250 ml serving has just 55 calories – is vegetarian, gluten-free and in 100 % recyclable cans.
The inspiration behind Switchle is centuries old. In fact, in its most basic form it dates back to the 400 B.C. when Hippocrates, the father of medicine, prescribed apple cider vinegar mixed with honey for a number of ailments. Fast forward to 17th Century United States and ‘Switchel’, as it became known, was popularised by colonial farmers who added water and ginger and drank it to quench their thirst in the hot fields whilst harvesting the summer hay.
In 2017, we set out to evolve the formula by adding the finest organic ingredients to create a modern British version with a twist and subtly altered the name to Switchle. Using real spring water, Switchle is then blended with organic honey and organic apple cider vinegar ‘with mother’; which today is known to help alkalise the body, lower blood sugar levels and cholesterol and is also said to increase satiety, helping you lose weight. We then added a unique combination of popular health-giving organic fruit juices, spices and botanical extracts to produce 3 unique flavour combinations (Matcha, Lime and Mint, Rooibos, Raspeberry and Pomegranate & Tumeric, Ginger and Peach).