The price of food|The price of orange juice in the world market multiplied in three years, but at the beginning of this year the price has collapsed. Does the cheaper price appear in stores soon?
Orange juice The world market price has collapsed over the last three weeks. The world market prices the price of the frozen orange juice concentrate.
Its price has fallen by almost 30 percent in three weeks, or about $ 4.80 to about $ 3.40 for Pauna. Pauna is 454 grams.
However, the price of the juice concentrate is still more than four times the price level three years ago. Last September and December, the price was at its high levels of all time.
High prices are due to the fact that exceptional weather conditions associated with climate change, that is, drought, heat and storms, reduce hundreds of important orange production areas such as Brazil, Mexico and Florida of the United States.
Orange trees have also been plagued by the yellowing HLB disease of the leaves.
In autumn It was predicted that production problems would be long-term. So what suddenly caused a collapse of prices?
Natural Resources Researcher Csaba Jansik Can’t say a sure reason, but he estimates that it will at least temporarily tell you about better crop expectations.
“It must be due to the supply side. However, I would set it in this big picture, that is, the fact that prices are at a much higher level than three years ago. Orange production suffers from long -term problems, ”he says.
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“Orange production suffers from long -term problems.”
Orange juice The price in retail in Finland is only partly related to the world market price.
A large part of the price of the juices is VAT, trade and manufacturer’s margins, packaging and transportation costs. The prices are also influenced by the competitive situation of shops.
“However, in orange juice, the proportion of raw materials in the price is significant in the same way as, say, coffee or chocolate, which has also seen a sharp rise in world market prices lately,” says Research Director Sari Forsman-Hugg Pellervo’s Economic Survey.
However, according to Forsman-Hugg, the decline in the world market price now may not lower the price of juices at all. This is because prices in the world market were at their peak last fall.
“These high world market prices may not yet be fully allocated to consumer prices in retail. In any case, the price level in the world market is still high, and prices can be sawn from now on. ”
The consumer price index does not indicate the price development of orange juice alone, but in general, consumer prices for juice have risen by 5.7 per cent per year. From December to January, juices tilted by 0.76 percent.
Coop brand juice for sale at S-Market in downtown Helsinki.
On the market The juices found on the shelf have high price differences and, of course, quality differences.
In the S Group’s Prisma online store, the price per liter of orange juice ranged from EUR 5.27 and EUR 1.66 on Wednesday. The price per liter of juice directly from the oranges in the shop was € 5.25 per liter in a bottle of 0.95 liters.
The price per kilo of orange itself ranged from € 0.69 to € 2.99. The cheapest price was with Egyptian orange. At the Ruoholahti Citymarket online store, the price per kilo of orange ranged from € 0.99 to € 3.99.
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