Average price for pear oranges rises by 57% this season

Cepea, September 16, 2020 – The low orange supply in Brazil this season (2020/21) has been pushing up quotes in the in natura market. From July to August/20, the average price for pear oranges is 56.5% higher than that in the same period of 2019, in nominal terms.

 

In August/20, the firm demand in the in natura market (favored by the weather) and from processors influenced prices. For pera rio oranges (mid-season variety), prices averaged 30.01 BRL/40.8-kilo box, on tree, in August, 11.8% up compared to that in July/20 and 64.3% higher than that in August/19. For valencia oranges (harvesting started in the second fortnight of August), quotes began the crop at higher levels compared to those observed in 2019. The average in August was 26.76 BRL/box, 49.52% up compared to that in August/19, in nominal terms.

 

SEPTEMBER – This month, orange prices are likely to continue on the rise because of both high consumption and low availability. As many citrus growers have traded with the industry, contracts may be a priority, reducing supply in the in natura market even more. Moreover, the hot and dry weather also reduces supply, since it affects fruits quality.

 

TAHITI LIME – In August, the monthly average price increased for the sixth consecutive month, to 85.15 BRL per 27-kilo box, 40% and 183.6% up, respectively, compared to that in July/20 and in August/19, in nominal terms.

 

In previous years, prices were at these levels only in mid-September/October; however, in 2020, production has been affected by low rains since mid-March. Supply is expected to increase again after rainfall.

 

BRAZILIAN MARKET – The demand for in natura oranges continued firm in the Brazilian market in the first fortnight of September, mainly for high-quality fruits, favored by the beginning of the month (when workers’ wages are paid) and high temperatures. Considering supply, the hot and dry weather in São Paulo limited the availability of high-quality fruits. From Sept. 1st to 15, the average price for pear oranges closed at 31.83 BRL per 40.8-kilo box, on tree, 8.1% up compared to that in the first half of August.

 

(Cepea-Brazil)

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