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The price of concentrated apple juice is rising over the world.
Because of the strong expectation of apple production, the price of concentrated apple juice has been rising recently. Even orange juice, which has a strong alternative to apple juice, has begun to rise in price. The latest data we got showed that the New York Futures Exchange (NYBOT) contract price for orange juice was 157.70 cents per pound in October, and the month rose by 0.03%.
Statistics show that in September, apple juice concentrate exported 70 thousand tons, an increase of 16.7% over the same period, an increase of 16.7% compared with the same period, and the export price of 916.3 yuan / ton, up 4.8% compared with the same period last year, rising by 3.7%. In the case of tomato sauce, it exported 70 thousand tons in September, an increase of 40%, a decline of 12.5%, and an export price of 716.8 US dollars / tons, a year-on-year decline of 37% and a 7.2% decline. In the 1-9 month of this year, apple juice concentrate exported to 560 thousand tons, a decrease of 90 thousand tons compared with the same period last year, the average export price was 879.2 US dollars / ton, up 6.9% compared with the same period last year; tomato paste export 760 thousand tons, an increase of 170 thousand tons compared with the same period last year, and the export price 772.1 dollars / ton, a decrease of 28.8% compared with the same period last year.
Tomato sauce, tomato World Council (WPTC) latest forecast for global processing tomato production was 36 million 290 thousand tons, compared with the previous crop fell 14.23% last month, once again lowered 710 thousand tons. The new crop of American California tomato sauce has entered the fourteenth week, the cumulative harvest tomatoes 12 million 120 thousand tons, 13 million 140 thousand tons less than the same period last year, but higher than the 2006-2009 year average of 11 million 690 thousand tons. In September, with the depreciation of the US dollar, the main export countries increased their quotations, but we believe that the whole industry's de stocking process will continue. The industry is expected to recover in the second quarter of next year.
