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December 11, 2024
Citrus updates
Navel prices come down on smaller fruit.
Navel prices started the season strong, but declined sharply throughout November due to the fruit’s smaller than average size profile. The smaller sizes on early season fruit are likely the result of intense summer heat and many expect sizes for fruit still on trees to improve over the next couple months. Juice prices remain strong and should provide some support for producers. The crop is coming in smaller than expected, and lower supply may eventually support prices.
Lemon harvest is picking up throughout California and prices have fallen in response. The Mountain Fire in Ventura, CA has reportedly damaged some lemon orchards, but the overall impact appears relatively small. Of the 50,000 lemon acres in California, 17,500 – 18,200 are in Ventura.
Profitability
December 11, 2024
Lemons: Slighty profitable - Neutral 12-month outlook
Oranges: Slighlty profitable - Neutral 12-month outlook
Lemon producers will likely continue to face challenging market conditions in 2025.
Prices have recently fallen for navels due to the small size profile. Many expect larger fruit over the next couple months, which should help to stabilize prices. Juice prices remain strong and supportive of profitability.
