Florida Valencias lowered to 41.0 million boxes

With Florida’s 2018/19 orange harvest nearly complete, USDA lowered Valencia production by 1.0 million 90-lb boxes from the May estimate. All other orange production numbers—Florida early/mids, California, and Texas—were left unchanged. Florida’s orange production has closed the season down about 10 percent from USDA’s [...]

U.S. PJC imports just 28.4 million liters in Q1 2019

Despite low, stable pricing for pineapple juice concentrate, U.S. imports remain weak overall, with January-March 2019 imports down 9 percent from Q1 2018. Q1 imports from our top three origins (Thailand, the Philippines, and Costa Rica) accounted for over 80 percent of total Q1 [...]

Valencia oranges lowered to 42.0 million boxes

Today’s citrus production report confirmed recent speculation that the 2018/19 Florida Valencia crop is not as large as USDA’s earlier forecast. USDA lowered estimated Valencia production by 4.0 million 90-lb boxes, down 9 percent from the April projection. The state’s early-midseason orange production was [...]

Demand for nutritious beverages on the rise in China

In a recent report, USDA found urban Chinese consumers are eating and drinking healthier than in previous years, emphasizing “eating well” over “eating full.” This mindset, along with a need for convenient nutrition, has led to growth in China’s beverage industry. In fact, profit [...]

U.S.’s January OJ imports up 23 percent YOY

The U.S. imported 56.5 million single-strength-equivalent (SSE) gallons of OJ in January, 30 percent as NFC juice. Brazil provided just over half of all OJ imports and 80 percent of NFC. Mexico was the source of nearly all the remaining orange juice volume, including [...]

California grape juice concentrate production rose 11 percent in 2018

California grape processors crushed 450,000 tons of 2018/19 fruit to produce grape juice concentrate, up from just over 400,000 tons the previous season. Total crush of all the state’s grape varieties, at 4.5 million tons, was up 6 percent year over year; crush of [...]

FCOJ market sees seasonal runup?

May-19 FCOJ futures have turned higher: Last week, the contract gained over 7 cents Monday and Tuesday during active trade. After a short pause last Wednesday, the market has continued to climb in the four trading days since, settling near a three-month high yesterday. [...]