-April 3,2022-
Citrus Mutual, based in Exeter, reports that as of March 31 that the navel crop is approximately 70% harvested. Shippers report under-picking estimates and most expect to finish picking in June, if not before.
Utilization continues to be over 80%, on average, with a fancy/choice ratio of 75/25. Sizes are peaking on 72, 88, and 56.
The industry average price across all grades and sizes is holding steady at just under $18. The average FOB for each size is $2 (or more) higher than last season. Movement is excellent and shippers are optimistic that prices will come up in these final months of the season.
Even more impressive, the popular 48 size orange is fetching an average of $19.50 this season compared to $16.50 in 02/21 and just $11.75 in 19/20.(see chart).
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