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US Orange Juice Imports From Brazil Surge as Florida Suffers Setbacks

(Bloomberg) -- The US is stocking up on Brazilian orange juice after Hurricane Ian and disease devastated citrus groves in Florida, the top producing state for the popular...
US Orange Juice Imports From Brazil Surge as Florida Suffers Setbacks

(Bloomberg) -- The US is stocking up on Brazilian orange juice after Hurricane Ian and disease devastated citrus groves in Florida, the top producing state for the popular breakfast beverage.

Shipments to the US from the world’s top exporter are up 58% in the first four months of the season from a year ago, hitting a record 112,500 metric tons to the end of October, according to Brazil’s Secretariat of Foreign Trade.

The jump comes after Hurricane Ian exacerbated a plunge in orange juice production in Florida, where decades-long damage from the citrus-greening disease had already left the Sunshine State with the lowest crop in 79 years this season.

The surge in US imports shows how deep the deficit is for global juice supplies, an issue that is set to drive up costs to consumers of the beverage. The world is heading to a third year of demand exceeding supply, with prices in developed economies such as the US and Europe set to become 20% to 30% more expensive by the beginning of next year, Rabobank analyst Andres Padilla said in a November report.

US stockpiles of the fruit juice have already tumbled to the lowest in 45 years, according to data from the US Department of Agriculture.

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01-05-2024 10:45:17 (UTC+7)

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USD/JPY

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

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Bayer AG NA

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Adidas AG

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Deutsche Lufthansa AG

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Siemens AG Class N

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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