Prices move up again in the spot market

After decreasing during one month, Brazilian prices for the orange delivered in citrus plants (spot market) moved up again in the first fortnight of September. On Friday, Sept 14th, fruits averaged 10.03 reals or 5.28 dollars per box of 40.8 kilos, increasing 16.76 percent over Aug 31st. The reason for the upward trend is the highest demand of plants, due to the low stocks.

In the fresh fruit market, trades moved at a better pace, according to growers, helped by the hot weather. Even though, pera orange prices kept decreasing, as harvest activities moves on. The variety averaged 10.55 reals or 5.56 dollars per box of 40.8 kilos, dropping 1.44 percent over Aug 31st.

The dry weather has been one of the main concerns of the domestic citrus market. From now on, rainfalls are very important, since the higher temperatures started to damage the fruits.

Regarding the international market, the risk of storms reach Florida citrus belt boosted futures for futures of frozen concentrate orange juice (FCOJ). Last Wednesday, Sept 12, contracts that expire in November closed at 124.70 cents of dollar per pound (1,814.38 dollars per ton) at the New York Board of Trade (ICE Futures), upping 10 percent over the previous Wednesday.

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