Cepea, November 19, 2024 – Although it is the offseason period for the tahiti lime, quotations decreased in early November. The downward trend is related to both the size and the quality of the fruit, which are below expected by the sector. However, it is worth noting that price levels are still high.
According to data from Cepea, tahiti lime prices averaged BRL 95.59 per 27.2-kg box in mid-November, downing 16.17% against late October.
It is worth noting that the price average for the tahiti lime was at BRL 117.94/box last month, 72.2% more than in September and moving up 71% against October last year, in nominal terms.
SEASON IN FLORIDA – The 2023/24 orange season finished in September in Florida. The Citrus Department of that state in the Unites States indicated in October that local juice stocks, as observed in Brazil, finished the season at low levels.
The limited orange supply has been frequent in the US, considering that the country has become majorly an orange juice importer since the advance of greening in Florida.
It is worth noting that Brazil is the major orange juice supplier for the US market. The fact that the Brazilian industry faced both low supply and high prices in the 2023/24 season (which limited exports) might have prevented a recovery of stocks in Florida.
(Cepea-Brazil)
Centro de Estudos Avançados em Economia Aplicada – CEPEA-Esalq/USP
