All Oranges 51.7 Million Boxes
The 2020-2021 Florida all orange forecast released by the USDA Agricultural Statistics Board is down 3.80 million boxes to 51.7 million boxes. If realized, this will be 23 percent less than last season’s revised final production. The forecast consists of 22.7 million boxes of non-Valencia oranges (early, mid-season, and Navel varieties) and 29.0 million boxes of Valencia oranges. A 9-year regression has been used for comparison purposes. All references to “average”, “minimum”, and “maximum” refer to the previous 10 seasons, excluding the 2017-2018 season, which was affected by Hurricane Irma. Average fruit per tree includes both regular and first late bloom. …
Please download the full citrus crop production forecast: www.nass.usda.gov
All Oranges 77.0 Million Boxes
The 2018-2019 Florida all orange forecast released by the USDA Agricultural Statistics Board is 77.0 million boxes, unchanged from the November forecast. If realized, this forecast will be 71 percent more than last season’s final production. The forecast consists of 32.0 million boxes of the non-Valencia oranges (early, midseason, and Navel varieties) and 45.0 million boxes of the Valencia oranges. Regression data used are from the 2008-2009 through 2016-2017 seasons. All references to “average”, “minimum”, and “maximum” refer to those 9 seasons unless noted. The hurricane affected 2017-2018 season is excluded from the regressions.
Non-Valencia Oranges 32.0 Million Boxes
The forecast of non-Valencia production is unchanged at 32.0 million boxes. Current fruit size is below the minimum and projected to be below the minimum at harvest. Current droppage is above average and is projected to be above average until harvest. The Navel forecast, included in the non-Valencia forecast, is unchanged at 800 thousand boxes, and is 3 percent of the non-Valencia total. Final Navel size is below average and droppage is close to the maximum.
Valencia Oranges 45.0 Million Boxes
The forecast of Valencia production is unchanged at 45.0 million boxes. Current fruit size is below the minimum and is projected to be below the minimum at harvest. Current droppage is above average and projected to be above average at harvest.
Please download the full citrus crop production forecast: www.nass.usda.gov
Crown Holdings, Inc. (NYSE:CCK), a leading supplier of packaging products worldwide, announced that it will build a new plant in the Valencia region of Spain to produce aluminum beverage cans. The location of the facility, Parc Sagunt, is approximately 10 miles north of the city of Valencia, and was selected based on its close proximity to key customers as well as the excellent local infrastructure and transportation links.
The Company currently operates two steel beverage can plants in Spain, in Agoncillo and Seville, and will be constructing the new facility to meet the growing demand and preference for aluminum beverage cans in the Iberian region. The plant, which is expected to be operational during the fourth quarter of 2018, will have an initial annual capacity of approximately 900 million units in multiple sizes and will be designed to accommodate further expansion. Initially, the capacity will be utilized to facilitate customers’ transitions from steel to aluminum beverage cans and subsequently to support the growing demand for both beer and non-alcoholic beverage cans in the region.
Ziya Ozay, Senior Vice President CROWN Bevcan Europe and Middle East, commented, “We are excited about the aluminum beverage can market growth in the Iberian region, and our new plant will be ideally located to supply the increasing requirements of a number of key customers and support our other facilities during the conversion from steel to aluminum.”