In its October Citrus report, USDA forecasted all Florida orange production down 32 percent YOY at 28.0 million boxes. The steep drop is part of the longstanding downtrend for the state’s production, further pressured by late September’s Hurricane Ian. Production of Valencias is expected [...]
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 [...]
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 [...]
