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 [...]

Brazil warns of at least 50 percent drop in FCOJ inventories next year

With the Brazilian orange crop expected to decline 30 percent in 2018/19, CitrusBR is forecasting stocks of FCOJ equivalent to be between 55,900 MT and 154,700 MT by June 2019; the range is due to uncertainty at this point about juice yield. Ending stocks [...]