Higher price for oranges in Belize
There is sweet news for citrus farmers tonight. According to the Citrus Growers Association a new first payment advance for oranges was today announced at nineteen cents more than the initial first payment advance. A statement from the CGA issued this afternoon says that the new first payment advance to growers is ninety seven cents per pound solid, which amounts to five dollars and seventy four cents per box of oranges. Previous, the offer was seventy eight cents per pound solid or four dollars and sixty cents per box. According to the CGA statement, since the factory just started receiving Oranges on Tuesday, November 20, 2012, all payments for Orange delivered will based on the new Estimated Final Price. The new price for oranges, according to the CGA, is due to recent increases in world market prices. They conform to the Price Formula Agreement with the factory. CGA says that the Committee of Management requested and received a new first Fruit Price Submission for Orange. This revised first Fruit Price Submission has been provisionally accepted pending review. The new Estimated Final Price for Orange is one dollar and forty nine cents per pound solid or eight dollars and eighty four cents per box based on a per box yield of five point nine pound solids. This is up from the first Estimated Final Price of one dollar and twenty cents per pound solid or seven dollars and eight cents per box. In related news, the CGA is encouraging growers to participate in ongoing spraying activities that form part of the Area-wide Integrated Management System to control the Asian Citrus Psyllid. CGA is also calling on growers to ensure that they get their fruits tested for maturity ratio before delivery to the factory.