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Citrus
June 16, 2017
Tahiti lime supply reduces, pushing up quotes
Orange crushing steps up

By Caroline Ribeiro and Fernanda Geraldini
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Tahiti lime supply reduces, pushing up quotes See photos

Piracicaba, 16 – The reduction in the tahiti lime supply in São Paulo State pushed up quotes in the in natura market in the first fortnight of June. According to Cepea collaborators, some trades reached 26.00 BRL per 27-kilo box, harvested, in the fields of SP State, depending on fruit quality.

The supply reduction of tahiti lime was expected only for the second fortnight of the month, since large volumes of the fruit were still being traded in May. However, rains between May 18 and 21 interrupted the harvesting, accelerating supply reduction. Besides, mature fruits still on trees became yellowish, decreasing the volume of fruits for the in natura market.

In the first fortnight of June, tahiti lime quotes averaged 19.48 BRL (5.94 USD) per 27-kilo box, harvested, 87% up compared to that in the first fortnight of May.

Higher exportations also reduced supply in the domestic market. According to Secex (Foreign Trade Secretariat), between January and May this year, Brazil exported 51.9 thousand tons of lemon and lime, 6% up compared to that in the same period of 2016. Besides, the volume exported this year has been a record in all historical series of Secex.

Regarding processors, demand was weak, with only three plants operating and receiving small-sized tahiti lime, for which they were remunerating between 10.00 BRL and 15.00 BRL per 27-kilo box, harvested and delivered at the processor. Tahiti lime crushing usually slows down at this time of the year to make room for oranges at processors.

ORANGE – In June, large-sized processors from São Paulo State stepped up the pace of orange crushing in the 2017/18 crop. Currently, ten plants of large-sized processors are crushing (which has not been interrupted this year).

In May, processors crushed larger volumes of fruits from their own crops, with a small number of fruits acquired from growers. In early June, remuneration in the spot market was around 16.00 BRL per 40.8-kilo box, harvested and delivered at the processor. Most varieties purchased were early oranges from the 2017/18 crop and, little by little, mid-season volumes started to be crushed with no price differences.

Prices continued weakened, due to both high supply in the crops from SP and the flow difficulty. In the first fortnight of June, quotes of pear orange averaged 17.50 BRL per 40.8-kilo box, on tree, 23% down compared to that in the first fortnight of May.

Source: hfbrasil.org.br

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Brazil
crushing
demand
industry
key lime
lime
orange
price
supply
tahiti