Cepea, June 4 2019 – Orange prices were weakened in the Brazilian market in May, due to both the colder weather and high supply at the orchards from SP.
As crushing increases in Brazil, citrus farmers tend to reduce orange supply to the in natura market, aiming to prioritize the trades already closed with processing plants – which may prevent prices from dropping more sharply – many farmers allocated large volumes of early oranges to the in natura segment in May, waiting for crushing to start at the industry.
Between May 2 and 31, pear orange quotes averaged 21
Fonte: CEPEA
