The global orange juice industry is facing a significant crisis as prices have soared to record highs due to a combination of bad weather, crop diseases, and multiple years of poor harvests, particularly in Brazil, the world's largest exporter. Concentrated orange juice futures reached $4.92 per pound on Tuesday, nearly double the price from a year ago. These shortages and price increases are expected to impact consumers significantly and may lead to a fundamental reshaping of the industry. Two decades ago, Florida produced about 240mn boxes of orange juice annually, but today, exacerbated by climate change, production has dropped to just 17mn boxes. Some orange juice producers are considering using alternative fruits, such as apple, pear, and grape, to mitigate the impact of the crisis.
"Orange juice crisis prompts search for alternative fruits" https://t.co/9I5qxRlMmp https://t.co/5xdqamSqwk
🍊 Will your orange juice contain less orange juice? Prices have climbed to all-time highs, pushing the industry to consider blends with apple, pear and grape juice. https://t.co/TZlLSoLxz4
Orange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. https://t.co/E780YcehDt
Here's the squeeze.🍊 Orange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. https://t.co/2Z44rwLJfL
Orange juice prices climb to all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. https://t.co/SofDzWoc5t
Orange juice prices are going through the roof — forcing some makers to consider alternative fruits https://t.co/iNR5FEYGtx
🇬🇧 Orange juice crisis prompts search for alternative fruits https://t.co/c0B59EHDsa
Why orange prices are crashing while grapes shoot up almost 30%. Importers say wild price swings are now the norm, with climate change and war causing flash shortages, clogging supply chains and injecting sudden gluts into unexpected markets. #Opinion https://t.co/BVMs6mQFfZ
First cocoa, now orange juice "Orange juice prices have soared to record highs, driven by bad weather and disease in Brazil" (FT) "Two decades ago Florida churned out about 240mn boxes of orange juice a year ... Today, exacerbated by climate change, it is down to just 17mn" https://t.co/7zfRWhf34d
Orange-juice makers consider using other fruits after prices go ‘bananas’ https://t.co/z4hyCfaTzr
After crop disease, bad weather and multiple years of bad harvests, rising prices will encourage many customers to switch from oranges to other fruit juices: https://t.co/4zHKLwOIn6
Crippling shortages have raised fears of a price rise that will hit consumers and fundamentally reshape the global orange juice industry https://t.co/c6cni3LO0e https://t.co/yo3Tti9qjZ
Orange juice prices soared to record highs, driven by bad weather & disease in Brazil, world’s largest exporter Concentrated orange juice futures hit $4.92/pound on Tuesday, almost double price a year ago Orange juice futures on tear since end of 2022 when hurricane & cold… https://t.co/Piu4QEPPkn https://t.co/8HfsSrGUhh
Orange juice crisis prompts search for alternative fruits https://t.co/VPQqPr2YjA