U.S. orange production has plummeted as the industry faces volatile threats from extreme weather events, an incurable disease and economic pressures. Citrus growers are losing millions of dollars every year, according to the United States Department of Agriculture. At the same time, orange juice futures have hit record highs. “Citrus production in the United States … Read more
A worker at a citrus fruit farm separates the tangerines for sale on June 6, 2024 in Piedade dos Gerais, in Minas Gerais State, Brazil. Pedro Vilela | Getty Images News | Getty Images The orange juice industry is reeling. Prices of the breakfast staple recently climbed to fresh all-time highs, rattled by a perfect … Read more
Oranges are collected in a trolley at an orchard in Arcadia, Florida, on March 14, 2023. In Florida, the world’s second largest producer of orange juice after Brazil, orchards have been suffering from a citrus tree disease, Huanglongbing (HLB), for the last 17 years. Chandan Khanna | Afp | Getty Images Orange juice prices have … Read more
Sugar for sale at a supermarket in Yichang City, in China’s Hubei province, on April 6, 2023. Future Publishing | Future Publishing | Getty Images A mammoth rally in 2023 for El Niño-exposed raw materials will likely hit consumers’ pockets over the coming months, according to one specialist food and agribusiness bank. Soft commodities have … Read more
