Orange monthly market review: February 2019

Table orange volumes were up 9 % on February 2018, with a supply comprising Spanish Naveline (44 %) and Navelate (48 %), plus a top-up supply of Tunisian Maltaise (8 %). The transition between varieties proceeded slowly, with Naveline volumes (16 % above average) lasting much longer than usual, which delayed the market entry of Navelate (- 16 %). Maltaise volumes were well below average (- 72 %).

Hence the market had a heavy supply, with in particular abundant leftover Spanish Naveline of advanced maturity, which sold at very low prices (16 % below average). Navelate suffered from this pressure, registering prices 4 % below average despite light volumes at the beginning of the campaign. Volumes of Tunisian Maltaise, though very limited, could not really find any takers, and their price took a downturn (- 7 %).

On the juice orange segment, Spanish Salustiana registered volumes 11 % below average. After a satisfactory start to the campaign, demand ran out of steam and prices fell (- 10 %).

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