Friday, October 28, 2022

USDA data: America’s cold-stored orange juice stockpiles down 43%, the lowest level since 1977

 The United States stockpiles of cold-stored orange juice have plunged by 43 percent in September from a year earlier

  • This is due to a combination of crop diseases across Florida's citrus groves and the wrath of Hurricane Ian
  • orange juice futures surged to as high as $2.18 per pound.

Economists: Higher prices are the cure for higher prices

  • Farmers can have more incentive to produce more of their crop when the price of the fruit is higher
  • Brazil is the world's largest orange producer and provides half of the juice
  • The forthcoming Brazilian crop is set to be far larger than last year's
  • While not all of the oranges will get converted into juice, the availability of oranges in itself is a key factor

Other related stories:

  • FDA takes stand for public health, resists industry pressures to increase allowable levels of toxic fungicide carbendazim in orange juice product imports
  • From your favorite breakfast cereals to your orange juice, here is a list of foods that have "tested positive" for glyphosate contamination

https://www.naturalnews.com/2022-10-27-cold-stored-orange-juice-stockpiles-lowest-level.html

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