Greening and hurricanes support futures

During the first fortnight of July, speculations about greening in California's orange orchards and the possibility of hurricanes in Florida next months supported international prices. At the New York Board of Trade (ICE Futures), frozen concentrate orange juice (FCOJ) quotations reached 124.15 dollars per ton on Tuesday, Jul 15th, increasing 1.26 percent over June 30th.

The citrus psyllid, which carries citrus greening disease, was found at the beginning of July next to Tijuana, in Mexico, so close to San Diego County, a citrus producer region. The disease has not yet been found in California, however it is already concerning local growers and the international market.

Considering that the 2007/08 crop was already concluded in Florida, from now on, agents turn their attentions to the next season (2008/09 crop), which should start in October. The hot and wet weather has been contributing to the fruits growth.

In Brazil, harvest activities have been moving slowly. The harvesting should be intensified only from September on. In the fresh fruit market, the demand remains retreated due to the cold weather. On July 15th, the pera orange was traded at 11.44 reals or 7.19 dollar per box of 40.8 kilos, on tree, increasing slight 1.87 percent in Real over June 30th. To the fruit delivered at citrus plant (spot market), few industries are processing the orange, due to the lower quality of the fruits. The pera averaged 11.10 reals or 6.98 dollars per box of 40.8 kilos on Jul 15th, increasing 6.52 percent in Real. (Cepea - Brazil)


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