Good news for Brazilian exporters

UK suspends tariffs on fruit juices

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


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