In Brazil's citrus belt, more than 44% of oranges have greening disease
SAO PAULO, Sept 6 (Reuters) -In the citrus belt of the central Brazilian states Sao Paulo and Minas Gerais, the incidence of citrus greening increased for the seventh consecutive year to 44.35% of orchards, a survey by foundation Fundecitrus showed Friday.
In 2023, 38.06% of orchards were affected by the disease, which has no proven cure and yields stunted fruit.
The disease, as well as the dry climate, have been the two main factors that resulted in lower harvests in Brazil, the world's largest producer and exporter of orange juice, which have driven up juice prices this year OJc2.
In May, the foundation estimated the new orange harvest in Sao Paulo and Minas Gerais would yield 232.38 million boxes of 40.8 kg, a drop of 24.36% compared with the previous cycle.
Reporting by Roberto Samora; Writing by Stefanie Eschenbacher; Editing by Jonathan Oatis
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.