January 2016 USDA Orange Crop Forecast

 

Tuesday, 19 January 2016 15:47

The USDA released the United States orange crop forecast report today, January 12th, 2016.

The USDA released the United States orange crop forecast report today, January 12th, 2016.

The National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA) projects all orange production down 1 Percent from December Forecast.

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The United States all orange forecast for the 2015-2016 season is 5.25 million tons, down 1 percent from the previous forecast and down 18 percent from the 2014-2015 final utilization.

The Florida all orange forecast, at 69.0 million boxes (3.11 million tons), is unchanged from last month’s forecast but down 29 percent from last season’s final utilization.

Early, midseason, and Navel varieties in Florida are forecast at 36.0 million boxes (1.62 million tons), unchanged from last month but down 24 percent from last season’s final utilization. The Florida Valencia orange forecast, at 33.0 million boxes (1.49 million tons), is unchanged from last month but down 33 percent from last season’s final utilization.

The California Valencia orange forecast is 10.0 million boxes (400,000 tons), up 5 percent from previous forecast and from last season’s final utilization. The California Navel orange forecast is 42.0 million boxes (1.68 million tons), down 2 percent from the previous forecast but up 6 percent from last season’s final utilization. The Texas all orange forecast, at 1.41 million boxes (60,000 tons), is down 16 percent from previous forecast and down 3 percent last season’s final utilization.

In summary, we expect continued upward price pressure on citrus terpenes and derivatives from now and into the foreseeable future. Florida Chemical Company, Inc. remains committed to the supply citrus terpenes and citrus derivatives.

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