Brazilian orange juice producer Cutrale has suspended exports of orange juice concentrate from Brazil to the United States, as a new tax on exports has eroded its profits. The Brazilian tax on exported juice concentrate has impacted the profit margins for shipments from Brazil. Cutrale, which supplies Coca-Cola orange juice brands such as Minute Maid and Simply Orange, is looking to export from Mexico.
There is a bill that could reverse the tax being analyzed in Congress and the group is also trying to question the tax in administrative proceedings. Cutrale, which usually ships about half its Brazilian orange juice exports to the United States, declined to comment on the report.
