USDA forecast the 2006/07 orange crop production in Florida at 135 million boxes of 40.8 kilos, a volume 9 percent inferior comparing to the previous season. It is the lowest production of the North-American state in 17 years. This forecast was inferior to the volume estimated by market players.
In this context, the values at the New York Board of Trade (Nybot) should remain firm in 2007, at least until the next season.
In Brazil, rainfalls have been helping citrus crop conditions, softening the effects of the dry weather during the winter season (from June to September).
Some blooming was already noticed, and the harvest should start from the end of the year on.
Orange price delivered in citrus plant averaged 5.28 dollars per box of 40.8 kilos on October 18, up 0.38 percent in five days.