Commodities
Orange Juice Stockpiles Shrink to Record Low in Top Exporter Brazil
- Inventory in Brazil is declining as the world seeks supply
- Output remains tight amid fear of more damage to Florida crops
Oranges are collected in a trolley at an orchard.
Photographer: Chandan Khanna/AFP/Getty ImagesThis article is for subscribers only.
Stockpiles of orange juice in Brazil, the world’s top exporter, have reached the lowest in 12 years in a looming sign of a global shortage as Florida’s production declines and faces threat from what’s shaping up to be a concerning hurricane season.
Brazil reached the end of its season in June with 84,745 metric tons of juice in storage, a 41% drop versus the previous year and the lowest level since industry group CitrusBR started compiling the data.