The 2024/25 season for Brazilian orange juice exports has been influenced by reduced orange supply and limited national juice stocks. Comex Stat reports that from July to December 2024, Brazil exported 448.5 thousand tons of orange juice, converted into FCOJ 66 Brix. This marks a 23% decrease compared to the previous year and is the lowest figure since Comex Stat began in 1997. However, revenue from these exports increased by 37%, reaching USD 1.96 billion.
The total exported volume is calculated by summing the three codes available in the Comex Stat system. For code "20091200," which includes non-concentrate juice types, figures were converted into FCOJ 66 Brix. Unlike CitrusBR's methodology, which focuses on Santos port, all Brazilian ports were considered.
CitrusBR suggests that the volume shipped in early 2025 may underperform compared to the previous year due to São Paulo's offseason, which restricts juice availability. Additionally, international demand is low because of high orange juice prices globally.
The European Union remains the primary destination for Brazilian exports, accounting for 55% of revenue in the second half of 2024. The United States follows with 35%, according to Comex Stat. Between July and December 2024, NFC shipments to the US represented 62% of the total, up from 53% the previous year. In the European Union, FCOJ exports made up approximately 70%, with NFC shipments at 30%.
In São Paulo's citrus belt, the fourth blossoming slightly increased supply in late January, though fruit quality was below expectations. Companies are purchasing fruits in the spot market to mitigate juice deficits. Fundecitrus notes that the good development of this blossoming may result in a marginally higher supply for the citrus belt.
Source: CEPEA