Tahiti lime supply resumes growing in BR, pressing down quotes

Cepea, March 17, 2021 – The supply of tahiti lime, which was low in São Paulo State (SP) in the first week of March, resumed growing in the second week of the  month, due to the harvesting of the fruits from the second flowering. According to agents consulted by Cepea, the development of this crop was satisfactory, due to the high moisture earlier in the year, which is resulting in fruits within the quality standards demanded by the segment.

 

The citrus farmers from SP believe that the harvesting of this crop will step up in the coming weeks, since the current maturation stage of the fruits allows them to stay longer on tree. Thus, supply should continue high until mid-April – however, it is worth to mention that the volume to be harvested in March and early April should not be higher than that from January and February.

 

PRICES – Higher supply pressed down tahiti lime prices in the first fortnight of March. Between March 1st and 15th, the average price closed at 26.24 BRL per 27-kilo box, harvested, 9.95% down from that in the first half of February.

 

EXPORTS – The Brazilian exports of Frozen Concentrate Orange Juice (FCOJ) Equivalent are currently 17% lower than that in the previous season, according to Secex. Between July 2020 and February 2021 (2020/21 season), shipments totaled 670.7 thousand tons. Revenue from these exports totaled 985.19 million USD, 27% down from that in the same period last season.

 

Among the major purchasers of the Brazilian juice, the European Union was the one that most reduced purchases. From July/20 to Feb/21, shipments to the EU totaled 419.7 thousand tons, 22% down from that in the previous season. Revenue totaled 626.44 million USD, 32% down in the same comparison.

 

Exports to the United States have been more stable, totaling 135.83 thousand tons, very similar to that from the previous season. Revenue totaled 201.62 million USD, 8% down in the period.

 

(Cepea-Brazil)

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