Sales of oranges in Brazil's in natura market slowed toward the end of October as many consumers waited to receive November wages, leading to reduced trading activity. Prices, which had been rising in previous weeks, weakened at the end of the month.
According to Cepea data, pear orange quotations in the in natura market fell 0.19% between October 27 and 30 compared with the previous period, closing at around US$11.15 per 40.8-kg box. Lima orange prices averaged about US$15.25 per box, up 7.19% in the same period.
Tahiti lime prices declined due to lower demand and a slight increase in supply. The average was about US$7.30 per 27.2-kg box in late October, down 32.39% from the previous period. Export quotations for the same variety averaged roughly US$8.35 per box, 26.56% lower.
In the processing industry, agents surveyed by Cepea reported that orange prices remained steady at around US$9.05 per 40.8-kg box at the end of October. Orange juice exports were moving slowly, and the sector is awaiting October and November shipment data to assess demand from international markets.
Source: Cepea
