Limited Supply of High-Quality Fruit Drives Prices Up
A survey by the Center for Advanced Studies in Applied Economics (Cepea) at Esalq/USP shows that orange prices remain on the rise in the domestic market, driven by a limited supply of high-quality fruit.
From Monday to Thursday this week, the average price of Pera oranges on the tree reached BRL 125.97 per 40.8-kilogram box, a 1.28% increase compared to the previous period.
According to Cepea, the market is still characterized by the availability of withered fruit. Only a greater volume of rain and cooler temperatures are expected to improve the condition of oranges still on the trees.
Despite recent rainfall, agents consulted by Cepea reported that more consistent and frequent precipitation is still needed to revitalize orange and lemon orchards.
