Citrus: World Markets and Trade report

Even though it’s summer break, this report is too important not to share:

Citrus: World Markets & Trade ›

Tangerines/Mandarins

U.S. production is estimated 2 percent higher to 890,000 tons due to favorable weather and yields in California. Consumption is estimated up with the increase in supplies. Imports are higher to meet rising consumer and processing demand.

Oranges

U.S. production is estimated to rise 8 percent to 2.5 million tons on higher yields due to favorable weather. Consumption, imports, and exports are flat, while oranges for processing are up with the increase in supplies.

Orange Juice

Global orange juice production for 2023/24 is estimated 3 percent lower to 1.5 million tons (65 degrees brix). Production is down due to reduced fruit available for processing in Brazil which accounts for over 70 percent of global production. Consumption and exports are estimated down with the reduced supplies.

U.S. production is forecast to rebound 9 percent to 93,000 tons due to a rise in oranges available for processing, especially in Florida. Consumption is down as lower imports are expected due to lower production in the top supplier, Brazil.