The U.S. government’s estimate for Florida’s orange crop will be little changed from the April forecast, a Bloomberg News survey shows.
The state will harvest 145.16 million boxes of oranges in the 2011-2012 harvest, which ends in July, according to the average estimate of five traders and analysts. That’s up 0.1 percent from 145 million projected last month.
The previous crop totaled 140.3 million boxes, each weighing 90 pounds, or 41 kilograms. The agency will update its forecast on May 10 at 8:30 a.m. in Washington.
Florida is the world’s largest grower after Brazil. The figures below are in millions of boxes.
2011-2012 Production Previous USDA Estimates Average Range April 10 2010-2011 145.16 143.8-146 145 140.3
Source Crop Estimate ==============================================================
Country Hedging 143.8 T&K Futures and Options 145 Infinite Trading 146 Price Futures Group 146 J. Ganes Consulting 145