First blooming shows up in SP

The first blooming from 2009/10 crop were noticed in Sao Paulo state at the end of August, favored by the dry weather linked to the soil moisture (due to the rains occurred from the end of July to the August beginning). Even still showing irregular flowers, the current blooming should be plentiful, especially for pera and early varieties. New flowers are expected to appear from the end of September on, coinciding with the spring season in Brazil.

Concerning the domestic market pace, trades kept moving slowly in August. Citrus processors remained not willing to trade, which reinforced the decreases in prices. On August 29th, pera averaged 10.46 reals or 6.42 dollars per box of 40.8 kilos, on tree, down 7.3 percent in Real from July 31st. To the fruit delivered at citrus plant (spot market), the average was of 9.20 reals or 5.64 dollars per box of 40.8 kilos, decreasing 17.3 percent in Real.

In the international market, frozen concentrated orange juice futures increased, boosted by the hurricanes season in the North Atlantic. On Friday, Aug 29th, prices averaged 1,579.40 dollars per ton at the New York Board of Trade (ICE Futures), up 1.88 percent in relation to Jul 31st. (Cepea - Brazil)


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