In the March Citrus report, USDA’s only changes were modest hikes to Florida production. For non-Valencia oranges, USDA raised Florida’s 2022/23 production by 100,000 boxes to 6.1 million boxes, down 67 percent YOY. The state’s Valencia forecast was left unchanged at just 10 million boxes, down 56 percent YOY.
All U.S. orange production is estimated down 22 percent YOY on reductions of 10 percent and 42 percent for non-Valencias and Valencias, respectively.
USDA also raised its forecast for Florida grapefruit production by 100 million boxes for 2022/23. An increase of 120 million boxes for red grapefruit was partly offset by a drop of 20 million boxes for white grapefruit.
Contact us to learn more about how the ever-shrinking U.S. orange crop is affecting supply and pricing of orange juice, or log in to our IQ knowledge platform to access analysis, market data, and price forecasts.
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