Brazilian orange juice shipments to the UK should benefit from the recent decision by the British government to suspend tariffs on concentrated and ready-to-drink juice imports from January first 2023 to 31 December 2024.
According to the Brazilian Association of Citrus Juice Exporters (CitrusBR), without the 12.2% tariff, Brazil will be able to maintain sales levels similar to the previous three harvest seasons and save approximately US$ 5 million over the two years that the levy will be suspended.
In 2019/20, 2020/21, and 2021/22, Brazilian shipments of orange juice to the United Kingdom averaged 15 thousand tons, generating US$ 22.5 million per season, according to data from CitrusBR, which represents Citrosuco, Cutrale, and Louis Dreyfus Company, the world leaders in the sector.
Source: en.mercopress.com