OJ - Brazil

• What has caused orange juice prices to rise significantly?


  Severe drought and widespread crop disease in Brazil
• What is the current price of concentrated orange juice futures on the Intercontinental Exchange?


  $4.92 a pound
• How much higher are the current orange juice prices compared to two years ago?


  Almost three times higher
• What is the forecast for Brazil's orange crop in 2023 according to Fundecitrus?


  It will be the smallest crop in 35 years
• What percentage decrease in yields is expected from last year according to Fundecitrus?


  Almost 25 percent
• What does Andrés Padilla predict about the pessimistic forecast for Brazil's orange crop?


  It probably won’t be achieved due to current conditions
• How long has Brazil been experiencing drought conditions?


  The worst drought in 50 years
• What is the expected impact of the upcoming rainy season in Brazil?


  It is predicted to come late this year
• What factors contribute to the "perfect storm" affecting the orange market in Brazil?


  Smallest crop in 35 years, rising citrus greening disease, and drought
• What disease has been affecting orange trees in Florida for the past 20 years?


  Citrus greening disease
• What percentage of Brazil's orange trees showed symptoms of citrus greening in 2023?


  38 percent
• What insect spreads citrus greening disease?

  Sap-sucking psyllid insects
• What has Fundecitrus observed regarding the psyllid population in Brazil?


  It is the highest recorded since 2004
• What impact does citrus greening disease have on orange trees?


  It leads to lower yields and lower-quality juice
• What did Brayan Palhares say about the productivity of his orange farm in 2024?


  It was the worst since 1970
• How many boxes per hectare did Palhares produce this season compared to the average over the last 10 years?


  Only 470 boxes compared to an average of 1,800
• Why is Brazil almost alone in serving the juice market?


  Other countries produce oranges mainly for the fresh fruit market
• What does Kees Cools say about the impact of high orange juice prices on consumers?


  It means orange juice will get more expensive
• What alternative fruit does the IFU suggest for orange juice makers?

  Mandarins
• What is the hope of farmers like Palhares for the next year?


  To return production to previous levels
• What are the main factors contributing to the current orange juice crisis in Brazil?

  • Severe drought
  • Widespread crop disease (citrus greening)
  • Forecast of the smallest crop in 35 years
  • High prices in the futures market
• What are the implications of the rising prices of orange juice for the beverage industry?


  • Increased costs for soft-drink companies
  • Need for hedging in the futures market
  • Potential shift in consumer preferences to alternatives
• What legislative changes are being called for by the IFU and others?


  • Allowing the use of climate-resilient fruits
  • Maintaining the name of orange juice for products made with other fruits