Volume of juice exported in 23/24 moves down, but income increases

Cepea, April 17, 2024 – The volume of orange juice exported by Brazil in the partial of the 2023/24 season (from July/23 to March/24) was below that registered in the same period of the previous crop. According to players from the industry, the low availability of the commodity in the Brazilian market may be limiting shipments. As for prices of the juice sold to the international market, they moved up.

The 2023/24 season in Brazil is expected to finish (in June/24) with reduced orange juice stocks at the industry. As a result, some players are unwilling to export large amounts in order to avoid having zero stocks by the end of 2023/24.

According to data from Comex Stat, Brazil exported 812.2 thousand tons of orange juice in the partial of 2023/24, for a decrease of 7.7% compared to the same period last season. The revenue totaled USD 2.08 billion, moving up 23% this season in relation to the previous and close to the total registered in the crop before (USD 2.14 billion up to June/23).

OJ shipments to the European Union amounted 419.9 thousand tons from July/23 to March/24, downing 7.7% against the same period of 2022/23. The income, in turn, rose 26%, at USD 1.1 billion. To the US, exports dropped 4.4% in relation to that in 2022/23, at 265.7 thousand tons. The income verified between July/23 and March/24 was USD 667.1 million, 18% up against the same period last season.

MARKET IN BRAZIL – The market of the tahiti lime in São Paulo closed March with firm prices. Players surveyed by Cepea say that this is related to the low supply, since rains affected the harvest. As a result, the monthly price average was BRL 31.17 per 27-kilo box, harvested, 55% up in relation to February.

As for the orange, prices also closed March at higher levels. The supply was low (due to the offseason period and to the good demand from the industry) and the demand in the in natura market was firm, because of high temperatures. Therefore, the price average was BRL 93.56 per 40.8-kilo box, on tree, upping 7% in relation to February.

(Cepea-Brazil)