USDA Cuts Orange Forecast 5%
WASHINGTON - Jan 12/15 - SNS -- The United States all orange forecast for the 2014-2015 season is 6.72 million tons, down 3% from the previous forecast and down 1% from the 2013-2014 final utilization, according to the USDA's latest production forecast.
The Florida all orange forecast, at 103 million boxes (4.64 million tons), is down 5% from the previous forecast and 2% from last season's final utilization.
Early, midseason, and Navel varieties in Florida are forecast at 48.0 million boxes (2.16 million tons), down 8% from the previous forecast and down 10% last season's final utilization.
The Florida Valencia orange forecast, at 55.0 million boxes (2.48 million tons), is down 2% from previous forecast but up 7% from last season's final utilization.
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