Brazil: Citrus Semi-annual
Link to report:
The Brazilian orange crop for Marketing Year (MY) 2021/22 is forecast at 414.4 million 40.8-kg boxes (MBx) or 16.91 million metric tons (MMT), an increase of 15 percent vis-à-vis the current season, supported by good weather conditions as of October 2021. Production costs are estimated at over R$ 33,000 per hectare (ha) or US$6,600/ha, up 27 percent compared to the previous crop, supported by high fertilizer, ag chemicals, and diesel prices. Total Brazilian FCOJ 65 Brix equivalent exports for MY 2021/22 are forecast to be relatively stable at 1.04 million metric tons (MT), an increase of 30,000 MT vis-à-vis MY 2020/21.
