The combined harvest from the States of Sao Paulo and Minas Gerais, which should be around 365 million field crates, was up a long way from the lean season 2016-17, though is only 10 % above the six-year average. Meanwhile, the juice yield, in the depths for the past two years, should also see a brighter spell. The physical market, hitherto racing to a historic level of 3 000 USD/t into Rotterdam, lost 500 USD. Stabilisation is to be expected, since the level of Brazilian stocks, which weighed down on the market in recent seasons, subsided to an extremely low level.
Source: Citrus BR
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