Spot values increase 13 percent at the end of June

Brazilian citrus processors have intensified their activities, paying higher prices for the orange delivered in their plants. Due to the strong demand, between June 25th and 29th, spot prices upped 12.7 percent, averaging 9.07 reals or 4.70 dollars per box of 40.8 kilos (Sao Paulo state average). Some trades were settled at 10.00 reals or 5.13 dollars per box. In the previous week, processors paid, in average, 8.00 reals or 4.16 dollars per box.

In the fresh fruit market of Sao Paulo state, pera orange averaged 10.63 reals or 5.51 dollars per box of 40.8 kilos (in tree), down 0.2 percent over June 25th. Trades keep moving slowly, due to the cold weather, which reduces the demand by fruits.

The 2006/07 Florida's crop production, closed in June, should totalize 130.6 million boxes of 40.8 kilos, according to the United States Department of Agriculture (USDA). Regarding the 2007/08 crop production in that state, rainfalls keep helping Florida's orchards.


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