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Analysis of the first half of Cajamar's 2020/21 citrus campaign

"The general balance of the citrus campaign until February is positive"

According to the analysis of the first half of the 2020/21 citrus campaign, the general balance of the campaign up to February is positive. The analysis was prepared by Roberto Garcia Torrente, the director of Cajamar's Agrifood Innovation, and technicians Ana Cabrera, and Tomas Agüera. The general balance is positive, even though it didn't meet the sector's expectations after the good performance there was last season- which was marked by the start of the pandemic and an increase in demand for citrus fruits due to their content in vitamin C.

According to the document, published on Cajamar's  Plataforma Terra, citrus production is high and is expected to exceed 7 million tons, i.e. 12% more than in the previous season, in part due to some varieties. In addition, the low rainfall in summer and autumn led to a large volume of small-caliber fruit.

According to the document, during the first weeks of the campaign, prices at origin were very high and trading companies opted to buy only the necessary fruit in the short term to see how consumer markets behaved. Later, in November and December, prices fell and then recovered in January.

The evolution of foreign trade was also positive for all citrus fruits during the first months of the season (until January 2021), as exports increased by 4.8% in volume and 5.8% in value.

According to the authors of the report, the agri-food sector in general -and the citrus sector in particular- has high growth prospects. This can be evidenced by the interest that investment funds have in the sector. In the last year, they have been protagonists of acquisitions or capital contributions in large companies in the sector, such as the purchase of Frugarva by GPF, the entry of MCH and SanLucar into the shareholding of Antonio LLusar, or the purchase by Citric & Co of the Brazilian company Agrícola Famosa.

The document's forecast for the second part of the citrus campaign is positive for oranges and mandarins. They will maintain the balance they've reached between supply and demand and will achieve higher calibers in late varieties. The lemon campaign is also expected to improve as a result of a contraction in supply in the coming weeks, a higher quality of Verna lemon, and the gradual recovery of the Horeca channel as the accumulated incidence of COVID-19 decreases and vaccination progresses.

 

Source: diariodealmeria.es 


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