Skip to main content

Agronometrics in Charts: Navel and Valencia orange prices enjoy stellar 2020


In a recent Agronometrics in Charts article, we mentioned how orange prices have been rising consistently over the last two decades in the U.S. market. This week, we're going to look at how 2020 has not been an exception.

As you can see below, average prices in 2020 have been far above the 2019 levels. In week 45, the average price was up 79% year-on-year at US$1.52 per kilo.

Orange Prices (USD/KG) in the US market
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

The two next charts illustrate how the two main orange varieties, Navel and Valencia, have both been enjoying these higher prices.

Navel Prices (USD/KG) in the US market
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)


Valencia prices (USD/KG) in the US market
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

The higher prices this year could be explained by increased demand resulting from the Covid-19 pandemic, as well as lower volumes this year from Chile.

Chilean oranges volumes (KG) in the US market
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)


Written by: Cristian Crespo F.
Original published in FreshFruitPortal.com on November 03, 2020 (Link)

Comments

Popular posts from this blog

Blueberry boom: Worldwide growth creates challenges for NW producers

Overview of the northwest blueberry season by Doug Krahmer of Berries Northwest, Cort Brazelton of Fall Creek Farm and Nursery, Kasey Cronquist of the U.S. Highbush Blueberry Council and Mark Hurst of Hurst's Berry Farm, complemented by charts from Agronometrics. Original published in www.capitalpress.com  on July 30, 2020 ALBANY, Ore. — On a seasonably warm July afternoon in the fertile Willamette Valley, Doug Krahmer stood between rows of organic blueberries and watched as a large mechanical harvester rolled slowly through the field, rattling bushes heavy with ripe fruit. Measuring a little more than 15 feet tall, 11 feet wide and weighing 7 tons, the harvester seemingly floated in the distance over neat rows while fiberglass rods, or “fingers,” shook the berries onto a conveyor belt that swooped them to the upper deck and into plastic crates. From there, the crates were loaded into refrigerated trucks and driven from the farm north of Albany, Ore., to a packing shed ea

The table grape industry is in uncharted territory right now

Overview of the potential impact of COVID-19 on future grape supply and price, by Ira Greenstein of Direct Source Marketing, complemented by charts from Agronometrics. Original published in FreshPlaza.com  on March 24, 2020 While the Chilean and Peruvian grape seasons are winding down and their weekly volumes are decreasing, the table grape industry has seen an uptick in demand in the past weeks. This is partially a result of the high retail movements due to the coronavirus panic-shopping of the past few weeks. Ira Greenstein of Direct Source Marketing says: “A month ago, importers had a real concern that the industry wouldn’t be able to move through the condensed volumes and huge inventories would be sitting in cold storages. That sentiment has completely reversed with substantially increased retail demand due to the COVID-19 pandemic.” With the lower volumes but increasing demand, the cold stores are rapidly being depleted and spot market pricing is expected to continue to i

Agronometrics in Charts: The Role of Mexican Blueberries in the U.S. Market

As Mexico's season just reached its peak, the opportunity lends itself to look a bit deeper at the origin in the U.S. markets. The rise of Mexican blueberries in the U.S. market has been no small achievement. In 2010, they represented a mere blip on the map. In 2019, with 75 M lbs, they were the second largest importer of fresh blueberries to the U.S., second only to Chile, but with Peru trailing closely behind Mexico. Historic Volumes | Non-Organic Source: USDA Market News via Agronometrics . (Agronometrics users can view this chart with live updates here ) In 2010, the landscape for blueberries was very different from what it is today. Chile has grown considerably, the U.S.’s production has evened out more, pushing more volume into April and May, and of course, Mexico is now a primary source through this time period.   U.S. Volumes by Origin 2010 | Non-Organic   U.S. Volumes by Origin 2019 | Non-Organic Source: USDA Market News via Agronometrics . (Agrono