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Brazilian orange juice producer Cutrale suspends exports to the U.S. -report -Breaking

by Mike Robinson

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© Reuters. Coca-Cola Co’s Merely Orange is displayed subsequent to Entire Meals’ non-public label 365 On a regular basis Worth orange juice in a Entire Meals Market retailer in Venice, California, U.S., March 17, 2018. REUTERS/Lisa Baertlein

SAO PAULO (Reuters) – Brazilian orange juice producer Cutrale has suspended exports of orange juice focus from Brazil to the USA, Brazilian newspaper Valor Economico reported on Monday.

A brand new tax on exported juice focus has diminished revenue margins for shipments from Brazil, the world’s largest orange juice exporter. Cutrale, which provides Coca-Cola (NYSE:) orange juice manufacturers comparable to Minute Maid and Merely Orange, is seeking to export from Mexico, the paper stated, citing unnamed sources.

Cutrale, which often ships about half of Brazilian orange juice exports to the USA, declined to touch upon the report.

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