Brazil: Citrus Annual
The Brazilian orange crop for MY 2016/17 is forecast at 446 million 40.8-kg boxes, an increase of 95 million boxes (MBx) relative to the previous season, due to good blossoming and favorable weather conditions. Total exports for MY 2015/16 are expected to reach the lowest volumes since the 1990s (870,000 mt, 65 Brix), the result of reduced juice production and lower beginning stocks compared to previous years. Europe remains the major export destination for Brazilian orange juice exports, followed by the United States. After a 17 year investigation, the Economic Defense Administrative Council (CADE) approved terms of a settlement in a cartel investigation against orange juice processors. The parties will pay R$ 301 million to the institution. The investigation started in 1999 and is the longest ongoing investigation CADE has ever undertaken.
