New blooming appear in Brazil

Last days, new blooming was observed in Brazilian citrus groves (in Sao Paulo state, main producer of the world), helped by the rainfalls. Pera and valencia have been presenting the main flowering. About early varieties (hamlin, westin), to be harvested in the first semester next year, some flowers are also appearing. The drought between August and October, however, should have already damaged the crop performance of early varieties from 30 to 40 percent.

Brazilian orange juice exports in the accumulated of the ten months this year totaled 1.897 billion dollar, 61.1 percent superior to that observed in the same period 2006, according to the Foreign Trade Secretariat (Secex). The increase was linked to the higher frozen concentrate orange juice (FCOJ) prices in the international scenario, due to the restrict supply in the main markets - Sao Paulo state and Florida. The volume exported by Brazil is similar to that registered in the same period last year.

In the fresh fruit market, trades moved at a better pace, due to the higher demand typical of the first fortnight. Moreover, players bet on a larger demand with the hot weather. On Nov 14th, pera orange averaged 13.85 reals or 8.00 dollars per box of 40.8 kilos, in tree, up 13.06 percent in Real over Oct 31st. Orange prices for the fruit delivered on citrus plant (spot market) also moved up. The average was of 11.74 reals or 6.79 dollars per box of 40.8 kilos on Wednesday, increasing 9.72 percent in Real.

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