The year-on-year increase broke a streak of three years of falling stocks
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Global orange juice stocks were estimated at 463,940 metric tons on Dec. 31 of last year, 6.7% more than the end of 2022, Brazilian producers association CitrusBR said on Thursday.
The year-on-year increase broke a streak of three years of falling stocks, but was still not enough to ease the market as they remain at their second lowest level in CitrusBR's historical series dating back 13 years.
(Reporting by Roberto Samora; writing by Gabriel Araujo; editing by Andrew Cawthorne)
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