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12 ore fa · Just as the world is coming out of the tea crisis, another breakfast staple, orange juice, is in the spotlight. Supply constraints have led to prices shooting up by more than 20% in a year.
5 giorni fa · About 50 million tonnes of oranges are grown each year, 34% of them in Brazil. Brazil is also the world’s biggest exporter of orange juice by far, producing about 70% of global supply. But Brazil’s orange-growing regions have recently endured extreme drought and heat stress in the crop’s flowering period, as well as alarming rates of ...
3 giorni fa · Orange juice futures in New York hit a multi-decade high of $4.92 per pound last week, according to the Financial Times, nearly doubling over a year ago. Several years of lackluster orange crops in the major exporting country of Brazil, combined with devastating floods and heat waves over the past few months, are set to push supply to the ...
2 giorni fa · Earlier this week, concentrated orange juice futures reached USD $4.92 a pound at New York’s Intercontinental Exchange, nearly twice the price reported a year ago. In response to potential shortages and price hikes, manufacturers are exploring whether they could incorporate mandarin oranges alongside typical juicing varieties to ease the ...
5 giorni fa · The orange juice sector is reeling from the one-two punch of drought and disease. In Brazil, the lifeblood of orange juice production, a severe drought has ravaged the citrus belt, where a staggering 60% of groves depend on natural rainfall. The lack of water has led to a significant increase in fruit drop rates, severely diminishing yields.
1 giorno fa · Last week, prices of Orange juice concentrated they achieved a new historical record.More than one commentator has referenced the film An armchair for two by John Landis with Dan Aykroyd and Eddie ...
3 giorni fa · Australians could soon see changes to juice products, including blends and an increase in shelf price, as the citrus industry faces a global orange shortage. Brazil produces more than 70 per cent ...
