Is this due to the war or not…. 🙄🙄🙄
The largest Portuguese association of citrus fruit operators predicts an increase in the price of oranges in the coming months, due to the drop in production of around 50% and despite the reduction to 0% of the VAT applied to this fruit.
“With regard to oranges, it is almost guaranteed, or guaranteed, that prices will increase, because production will be very low, a drop of about 50%, and in this case prices will rise”, assured the president of the Association today to the Lusa agency. of Algarve Citrus Operators (AlgarOrange), JosĂ© Oliveira.
The person in charge of the association that brings together 40% of citrus fruit operators in the Algarve insisted that “one thing is this 06% reduction of the products that make up the basket” of products with VAT, which will now have a rate of 0%, and in which orange is included and “another thing is the functioning market”.
“In the same way that last year there was a large production and prices were low, with little product, the tendency will be, naturally, for prices to rise”, explained JosĂ© Oliveira.
For the president of AlgarOrange, “normally when there is an overproduction, in the following years there is a decrease in production”, although the weather conditions also influence prices: “This is normal over the years”, he added.
Regarding the measure negotiated by the Government to lower VAT, the person in charge of AlgarOranje thinks that “it is a correct measure”, but he returned to saying that “one cannot have the expectation that this measure will stop a possible price increase, because in the case of the orange product it will certainly not happen, due to the reality we have in terms of production.