Higher demand boosts the market

Even with the larger Brazilian citrus crop production (2006/07) forecast - 50 million bags more than the previous crop -, the domestic values keep at higher levels, similar to those from the same period last year.

In November, pera orange has been traded in the spot market (delivered at citrus plant) at 5.75 dollars per box of 40.8 kilos. In the same period of 2005, pera orange averaged 5.69 dollars per box. The support comes from the higher demand from citrus plants.

In the fresh fruit market, trades have been moving slowly since last week. According to some growers, the cold weather reduced the demand for fruits. Besides that, the quality of some varieties is already jeopardized. The pera orange averaged 5.78 dollars per box of 40.8 kilos (in tree).

In the international market, futures of frozen concentrate orange juice (FCOJ) have remained at higher levels, due to lower stocks of orange juice.



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