Orange Juice Futures Hit New Record High Amid Supply Squeeze
February 01, 2023 at 18:25 PM EST
OJ futures have hit a new high, surging 10 cents or 4.56% to $2.292/lb, surpassing the 2016 record of $2.2585, due to limited supply. The USDA predicts Florida’s citrus production will reach 44.5 million boxes this year, which could result in the state’s smallest orange harvest since 1945. This is due to “greening disease” and […] Source
