Agronometrics in Charts: Navel and Valencia orange prices enjoy stellar 2020 - FreshFruitPortal.com

Agronometrics in Charts: Navel and Valencia orange prices enjoy stellar 2020

In this installment of the ‘Agronometrics In Charts’ series, Colin Fain illustrates how the U.S. market is evolving. Each week the series looks at a different horticultural commodity, focusing on a specific origin or topic visualizing the market factors that are driving change.


In a recent Agronometrics in Charts article, we mentioned how orange prices have been rising consistently over the last two decades in the U.S. market. This week, we're going to look at how 2020 has not been an exception.

As you can see below, average prices in 2020 have been far above the 2019 levels. In week 45, the average price was up 79% year-on-year at US$1.52 per kilo.


Orange Prices (USD/KG) in the US market

(Source: USDA Market News via Agronometrics. Agronometrics users can view this chart with live updates here)

The two next charts illustrate how the two main orange varieties, Navel and Valencia, have both been enjoying these higher prices.


Navel Prices (USD/KG) in the US market

(Source: USDA Market News via Agronometrics. Agronometrics users can view this chart with live updates here)

Valencia prices (USD/KG) in the US market

(Source: USDA Market News via Agronometrics. Agronometrics users can view this chart with live updates here)

The higher prices this year could be explained by increased demand resulting from the Covid-19 pandemic, as well as lower volumes this year from Chile. 

 


Chilean oranges volumes (KG) in the US market

(Source: USDA Market News via Agronometrics. Agronometrics users can view this chart with live updates here)

In our ‘In Charts’ series, we work to tell some of the stories that are moving the industry. Feel free to take a look at the other articles by clicking here.

You can keep track of the markets daily through Agronometrics, a data visualization tool built to help the industry make sense of the huge amounts of data that professionals need to access to make informed decisions. If you found the information and the charts from this article useful, feel free to visit us at www.agronometrics.com where you can easily access these same graphs, or explore the other 20 fruits we currently track.