Cepea, March 3 – Although estimates for orange juice inventories at the end of the 2016/17 crop (in June 30, 2017) were revised up in February, new forecasts may continue below the strategic levels at processors from São Paulo State, only enough for three weeks of consumption.
According to data released on February 13 by the Brazilian Association of Citrus Exporters (CitrusBR), ending stocks may be only 70.29 thousand tons of FCOJ, much higher than the 2 thousand tons indicated in August/16, but 80% lower than that in the same period last season (2015/16)
Fonte: CEPEA
