World orange crop slumps
Brazil’s production is forecast to fall 22% to 15.1 million tons due to weather-related problems (warm temperatures and below-average rainfall after the first two blooms and fruit set). Oranges for processing are down 3.9 million tons to 10.4 million, while fresh orange consumption is lowered to 4.7 million tons, the lowest in 4 years.
In contrast, China’s orange crop is estimated to climb slightly to 7.3 million due to favourable climatic conditions. Imports are up 3% as consumer demand is rising for premium, high-quality oranges. Egypt and South Africa are the top suppliers to China, accounting for over 70% of imports.
US production is forecast to rise for the second consecutive year, albeit only by 1% to 4.9 million tons. Consumption, exports, and fruit for processing are all expected to be up in line with the larger crop.