Orange juice prices have surged to record highs, reaching $476 per pound, driven by adverse weather and crop diseases in Brazil, the world's largest exporter. Concentrated orange juice futures hit $4.92 per pound, almost double the price from a year ago. On January 1, 2023, prices were at $207 per pound. The price increase has prompted manufacturers to explore using mandarins as an alternative. The Financial Times reports that these shortages and rising prices may fundamentally reshape the global orange juice industry, with consumers potentially switching to other fruit juices.
Great idea to avoid anyone cornering the market for frozen concentrated orange juice. https://t.co/KgFIq1jIKC https://t.co/DUDzrj7QbM
Yeah, right...the weather. That's what they tell us. But we know the real reason for the squeeze in orange juice prices. (Of course, Reggie and Winthorpe went short, not long). https://t.co/KeQv47bEgl https://t.co/XQgq0EIk07
Orange Juice Prices Surge to $476 per Pound Amid Adverse Weather and Crop Diseases in Brazil https://t.co/gTwbY3no1b
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
BUSINESS: The Financial Times reports that record-high orange juice prices are 'prompting manufacturers to explore whether they can use mandarins instead to make the drink'
A tale of two fruits: Why orange prices are crashing while grapes shoot up almost 30% https://t.co/IPhL2NuZsl
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 wine: why sales of the seductive new taste of summer are soaring https://t.co/04n6XrmMjD
WHY IS ORANGE JUICE AT IT'S HIGHEST PRICE IN A DECADE? WHAT STOCKS BENEFIT/GET HURT FROM THIS? https://t.co/AXKupkelRw
Orange juice price (USD/Lbs) 1st of January, 2022: $146 1st of January, 2023: $207 Now: $476 https://t.co/SQofCXLBkG