EUROPEAN UNION CONSIDERS ABOUT 70% OF BRAZILIAN ORANGE JUICE

The European Union, which consumes about 70% of Brazilian orange juice, imported 333.53K tons in orange juice equivalent in FCOJ in the initial half of 2018/2019, down 8% from 361.93K tons registered in the same period of 2017/2018. Revenue totaled US $ 625.59 million, down 4% from US $ 649.72 million in sales revenue from the beverage to the economic bloc in the first half of the previous crop. The United States, responsible for the increase in exports of Brazilian orange juice in the last harvest, now act directly in the decline in sales. Between July and December 2018, 112,65K tons were shipped to North American ports, compared to 151,26K tons in the previous period, a 26% decrease. In revenue, the drop was 23% the same basis of comparison, from US $ 263.11 to US $ 202.98. According to CitrusBR, the drop in exports to the United States was expected by industries, since in the previous harvest the orchards of that country had been hit by Hurricane Irma (in September 2017) and the Americans needed to import more juice for stocks and consumption internal. Positive highlights for exports to Japan, with a 65% increase in volume purchased in the first half of the 2018/2019 harvest compared to the same period of the previous harvest, from 18.29K to 30.20K tons. Revenue growth was 72% for the Japanese market, from $ 34.47 million to R $ 59.25 million between the periods, “It is not an increase in demand, but an advance on shipments to that destination, “Netto pondered. China, the fourth largest consumer market for Brazilian orange juice, imported 14.74 million tons until December 2018/2019, compared to 18.99K tons in the first half of last season. The decline was 22% in volume and 19% in revenue, from $ 36.9 million to $ 29.9 million in the same period in 2018. “China has been buying a lot of unconcentrated juice (NFC) from countries like Cyprus, Spain and Israel, “concluded the CitrusBR executive.

Source: Globo Rural