Wednesday, February 25, 2015

Exports of orange juice should follow in strong rhythm

According to the Ministry of development, industry and foreign trade (MDIC), the Brazil embarked 158.30 thousand tons of orange juice until the third week of February.
The daily average was 12.20 thousand tons, high of 44.8% compared to the previous month and an increase of 53.2% compared to February 2014.
If this pace is maintained, the country will close the month with 243.30 thousand tons of exported orange juice, an increase of 37.9% in comparison with January.
Brazilian exports should follow at a good pace until the end of the 2014/2015 harvest, whereas the fall in North American production and rising domestic consumption.
The United States Department of agriculture (USDA) estimated that Brazilian stocks should fall to the lowest level in five years.
This scenario is a reflection of drought in 2014, which reduced the production of orange juice in 10.0%.
Agrolink / Scot Consultoria
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