North America Edition
The higher demand for orange juice from the United States raised Brazilian exports of the commodity in the first two months of the 2023/24 exporting season (July and August). The average price paid for the national juice increased in that period too, influenced by low inventories and the lower output in Brazil. The higher volume exported and the valuation of the Brazilian juice abroad resulted in a significant increase in the revenue of exporters.
According to data from Secex (Foreign Trade Secretariat), Brazil exported 182.900 tons of Frozen Concentrate Orange Juice (FCOJ) Equivalent in July and August, 4% more than the volume shipped in the same period of 2022. Revenue totaled USD 397.9 million, a staggering 20% up in the same comparison.
As for the types of juice exported, shipments of Not-From-Concentrate (NFC) orange juice increased 19%, and revenue, 25%; of FCOJ, the volume exported decreased 3%, while the revenue rose 17%. The different performances of the exports of these types of juice are linked to the higher demand from the US for NFC juice, whose volume sent to the North-American country rose a staggering 51%.
Source: cepea.esalq.usp.br
