Copyright © 2021 Mintec Limited Contents
Juices
Orange & Apple Juice
29
Orange Juice US - USD/lbs
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
0.800000011920929
0.900000013411045
1.00000001490116
1.10000001639128
1.20000001788139
1.30000001937151
ORJU - Orange conc fzn ICE NY (DH-0)
The front-month US orange juice price on the ICE exchange declined by 6.6% y-o-y to USD 1.14/lbs in May 2021.
Demand for orange juice in May 2021 weakened compared to the same period in 2020, due to weaker retail sales.
At the onset of COVID-19-related lockdown restrictions (Q2 2020), retail demand for orange juice was at its peak.
Since then, prices have been generally trending downwards.
The Mintec price of Brazilian orange juice fell by 2% y-o-y to BRL 7.50/kg in May 2021. The price decline can be
attributed to weaker demand compared to the peak of coronavirus-related lockdown restrictions (Q2 2020).
Furthermore, the market has been mostly well-supplied over the last year. Brazilian orange production for the
2020/21 US MY is projected at 16.93 million tonnes, up 14% y-o-y.
Apple Juice China - USD/GALLON
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
6.5
7
7.5
8
8.5
9
FJ09 - Apple conc >70Bx (CN) exd US
The Mintec price of Chinese apple juice in the US rose by 2.8% m-o-m and 22.2% y-o-y to USD 8.86/gallons in
May 2021. The price increase is due to tighter supplies. Total apple juice concentrate (AJC) production in China is
expected to be in the region of 400,000-500,000 tonnes for the 2020/21 marketing year. Lower AJC production
projections than were expected pre-season (550,000 tonnes) have been a key driver in the Chinese apple juice
market. In addition, high shipping rates from China to key export markets continue to keep prices firm.
Apple Juice EU - EUR/MT
Jan 19 Apr 19 Jul 19 Oct 19 Jan 20 Apr 20 Jul 20 Oct 20 Jan 21 Apr 21
1,400
1,500
1,600
1,700
1,800
1,900
2,000
JU07 - Apple conc hi-ac 70Bx ddp Rdam
The Mintec price of EU apple juice remained flat y-o-y at EUR 1,600/MT in April 2021 (latest available data point).
Prices peaked in Q3 2020 at EUR 1,690/MT, in line with higher demand for apple juice and tighter apple supplies.
Production of AJC from Poland is projected to reach 200,000 tonnes for the 2020/21 marketing year, and is over
50% lower than the average yearly crop of around 300,000-350,000 tonnes. Since the start of 2021, demand for
apples and apple juice has weakened y-o-y and this led to a price reversal.
Orange Juice Brazil - BRL/kg
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
6
7
7
8
8
9
4Q04 - Orange conc fzn fob BR