Information for fruit and vegetables business in CIS
World prices on orange juice and frozen orange concentrate will grow
The majority of the produce business analysts report that world prices on orange juice will grow despite of the better forecasts of orange production in Florida, US; the forecasts have been pessimistic just after several destructive hurricanes. The main reasons for price growth will be orange production decrease in Brazil, increasing world demand and grown production cost caused by more expensive energy. So, the expected price growth on orange juice may lead to the increasing demand on other juice kinds, apple juice in particular.
As Ukraine imports frozen orange concentrate for orange juice production, this trend will definitely touch our country. Taking into consideration that fact that orange juice is the most popular in the world, price growth on it is likely to pull the prices on other fruit and even vegetable juices.