OVERVIEW GLOBAL ORANGE MARKET
During the lockdown in March, the demand for oranges went through the roof; a market development from which the southern hemisphere benefited the most. Towards the end of the year, the market in Europe and North America has stabilized and the demand is not as high as a few months ago. This slowdown in the demand has been a cause for disappointment in Spain, where they had initially expected the high demand to be maintained. In North America, many wholesalers appear cautious about purchasing due to the uncertainty in the market. The sale of oranges in China is also not going great. The demand has declined, causing prices to fall.