Cool weather in Chile puts summer citrus outlook in question - The Packer

Cool weather in Chile puts summer citrus outlook in question

07/06/2011 05:09:00 PM
Chris Koger

He said his company had the opportunity to string out its last load, to try to catch a possible uptick in price as supply dwindles, but didn’t think the price would justify it. He said the quality of the fruit is good, and the sizes — of what they have left — were 72s, 56s, even some 88s.

Neil Galone, vice president of sales and marketing for Booth Ranches LLC, Orange Cove, Calif., said some major shippers will hold onto their navels as long as they can, but California is mostly done.

He said Booth starts its valencias in March or early April, before any domestic demand, to supply international interests. He said half of its valencia crop was harvested, and it has told its customers to expect them at least through August. He said the valencias have been mid-sized, peaking on 88s, with some 113s. He said the total estimate for California valencia production is 26 million boxes, which is close to average.

He said the average f.o.b.s for all grades and sizes are around $8.75, slightly stronger than last year. He said he expected the price to stay there.

(RELATED NEWS: Australia's first citrus shipments of the season arrive.) 

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