For the last three months, Brazilian exports of Frozen Concentrate Orange Juice (FCOJ) Equivalent have been increasing. Between July and September 2019 (2019/20 crop), Brazil shipped 299,700 tons of the product, 27% more than that exported in the same period last year. Revenues, in turn, rose 17%, in the same comparison, totaling US$520.58 million.
This excellent performance is largely linked to the replenishing of European inventories (the European Union is the number one destination for the Brazilian orange juice); last season, exports to the EU had decreased. Thus, this season, juice shipments to the EU have already reached 230.4 thousand tons, 47% up compared to the volume exported between July and September last year.
To the United States, however, the Brazilian exports of FCOJ Equivalent have been decreasing (17% between July and September), totaling only 37,100 tons since the beginning of the season, in July 2019. This scenario reflects the supply offset in Florida in the 2018/19 crop as well as estimates for a positive scenario in 2019/20.