Market News    Orange Oil - 25th Oct 2006

Recent increases in the price of Brazilian Orange Oil have been attributed perversely to the oncoming Jan/Feb crop in Florida. Based on early surveys of fruitlets set after blossom it is expected that the Florida crop will yield approximately 135 million boxes, down from 220 million in 2006.

The southern hemisphere Brazilian crop that started in August was normal, and market prices were sustained at the same levels we have enjoyed since Feb 2005.

Market prices FOB Santos have leapt 15% on the news from Florida.