Stocks of orange juice of Brazil – its largest world exporter -entered 2017 in the lowest level on record, due to declining yields and output. Orange juice stocks (concentrated, frozen) in the country were ate 497,393 tonnes at the end of last December, compared with 728 thousand tonnes at the end of 2015. The information was released on Monday by the Brazilian Association of Citrus Exporters (CitrusBR).
The survey conducted by independent auditing firms with each of CitrusBR associate member companies and consolidated by external auditing ascertained that global inventories of Brazilian orange juice, converted into Frozen Concentrated Orange Juice Equivalent (FCOJ 66° Brix) at CitrusBR associate members’ facilities on December 31, 2016, amounted to 497,383 tons. This volume indicates a decrease of 231,482 tons or -31.8% when compared to the 728,865 tons existing 12 months before on December 31, 2015.
The same survey indicates that on June 30th , 2017, the global inventories of Brazilian Orange Juice are anticipated to be 70 thousand tons of FCOJ Equivalent. This projection, if confirmed, will represent a reduction of 281 thousand tons or drop of 80% as compared to the 351,567 tons which were existing at all CitrusBR members’ facilities on June 30th, 2015, as previously informed to the market.