Modest Increase in Oragne Forecast
WASHINGTON - Apr 9/15 - SNS -- The USDA inched up this year's prodction estimate for oranges, pegging it closer to 6.68 million tons, down 1% from the revised 2013-2014 final utilization.
The Florida all orange forecast, at 102 million boxes (4.59 million tons), is unchanged from the previous forecast but down 3% from last season's revised final utilization. Early, midseason, and Navel varieties in Florida are forecast at 47.0 million boxes (2.12 million tons), unchanged from the previous forecast but down 12% last season's final utilization. The Florida Valencia orange forecast, at 55.0 million boxes (2.48 million tons), is unchanged from the previous forecast but up 7% from last season's revised final utilization.
The California Valencia orange forecast is 10.0 million boxes (400,000 tons), unchanged from the previous forecast but down 7% from last season's revised final utilization. The California Navel orange forecast is 40.0 million boxes (1.60 million tons), unchanged from the previous forecast but up 3% from last season's revised final utilization. The Texas all orange forecast, at 2.18 million boxes (93,000 tons), is up 8% from the previous forecast and up 23% from last season's final utilization.
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