Most of you will probably guess it is “gold”. However, it actually is “orange juice” which has been the best performing commodity of the year so far. By mid July orange juice futures had gone up by as much as 35% for the year, when gold was nearing a rise of 25% over the same period.
Seeing gold increase over the recent months is no surprise as the yellow metal always puts on a strong performance during economic and political uncertainty.
However the ideal pandemic hedge has come from orange juice, which has seen its demand soar because of its status as a natural product to boost the immune system due to the vitamin C. Consumers have also resorted to substituting fresh fruit with orange juice, as it can be stocked up during a time when people try to shop and be in public places less frequently.
On the supply side, adverse conditions in Brazil (one of the major global producers) has also supported the rising price.
We’re currently the 3rd largest citrus producer in Paraguay. If you’ve carefully read our brochure or website, then you’ll be aware that Paraguay currently imports 85% of its oranges (mostly from Brazil) and that all our our oranges were already destined for the local market. In recent months we’ve not just seen a rise in local wholesale prices but we’ve also become the preferred supplier for several wholesalers and retailers who used to import their oranges. This is obviously great news for us and our investors, and our future orange harvests are now pre-sold many months ahead.
We still have orange lots available on our Nueva Italia plantation, where the land is already prepared and ready for your saplings to be planted. Prices start at $18,500 for ½ lot (0.62 acres) and for a limited period we’re offering discounts on multiple lot purchases. Please contact us to receive a copy of the full ROI projections for these special deals.
Thank you again for your interest in our agriculture opportunities. As always, don’t hesitate to contact us for further information.
Stay safe and well.
The Agri Terra & Paraguay Ag Invest Team!