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Price of orange juice set to rise following hurricane Irma

Since hurricane Irma hit Florida last autumn, the cost of frozen orange concentrate has risen 25 percent. The prices came down from last year’s record high thanks to increased production in Brazil,  but there are fears they could reach those levels again. Because apart from hurricane damage, growers are struggling with citrus greening disease.

Florida is now set to produce its smallest crop since 1945, with a poor harvest likely to follow this year. According to a Daily Mail article, this will probably lead to considerably higher prices.

Publication date: 1/8/2018


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