Orange trade forecast to drop

Global orange production in selected countries is forecast at 51 million tons, virtually unchanged from the previous year as reductions in Egypt and the United States are largely offset by larger crops in Argentina and China.

 

Orange trade is expected to slide due to lower demand resulting from the economic crisis.

 

U.S. orange production is forecast to drop 10 percent due to high temperatures that caused young fruit to drop from the trees resulting in reduced exports.

 

Egyptian exports are expected to decline due to competition and uneven quality of the oranges affecting markets such as the EU.

 

EU and Russian imports are expected to decline due to weaker demand resulting from the economic crisis.