Fruit & Vegetables
Oranges
10,000
14,000
18,000
22,000
26,000
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Orange Egypt- EGP/MT
Sep 20 Dec 20 Mar 21
8C02 - Orange navel (EG) whs StPete RU
The Mintec price of oranges from Egypt increased by 1.1% m-o-m to EGP 21,566/MT in December
2021, amid rising production costs, including higher costs of processing and transportation. In
addition, a recent report by FAS Cairo forecasts a decline in orange production of almost 16% y-o-y in
Egypt for the 2021/22 MY, to 3.0 million tonnes. This is attributed to adverse weather conditions
during flowering, which impacted fruit set. This is adding further upward momentum to prices.
The Mintec price of oranges from South Africa rose by 24.4% m-o-m to ZAR 6,734/MT in December
2021, in line with the seasonal trend. As harvest begins, prices are likely to continue their upward
trajectory, peaking in Q1 2022. However, South African orange production is forecast to rise by 3% to
1.7 million tonnes in the 2021/22 MY, attributed to a continuous growth in the planted area y-o-y,
combined with improved yields and good growing conditions. This is likely to limit the upside price
18,000
15,000
12,000
9,000
6,000
3,000
0
Dec 19 Mar 20 Jun 20 Mar 21 Jun 21 Sep 21 Dec 21
Orange South Africa - ZAR/MT
Sep 20 Dec 20
6R27 - Orange mp Joburg ZA
4
9
14
19
24
29
Nov 19 Feb 20 May 20 Aug 20 May 21 Aug 21 Nov 21
Orange* US - USD/BOX
Nov 20 Feb 21
QQ03 US Oranges
US orange prices rose slightly, by 0.4% m-o-m to USD 18.06/box in November 2021, in line with a
predicted decline in orange production. In December, the total US orange forecast for the 2021/22
season was 46 million boxes, a decline of 13% y-o-y. Tight supply forecast by the USDA, combined
with firm demand, is exerting upward pressure on prices.
momentum during H1 2022, with prices expected to remain below 2021 levels.
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*November 2021 is the latest available monthly data