Hurricane Ian is likely to have worsened what was already expected to be the smallest US orange crop in 55 years after it blasted through a large fruit-producing area when it passed through Florida this week, flooding farms and causing oranges to drop from trees.
The Brazilian orange industry is closely monitoring the impact of Hurricane Ian in Florida. Still, Executive director of the Brazilian exporters association CitrusBR, Ibiapaba Netto argued that it would only be possible to assess Ian’s impact on the Florida crop and its consequence on Brazilian exports later on.
Netto: “We cannot yet know the impact of the hurricane. We will glimpse it once the bulk of the phenomena passes. I’ve been talking to people in Florida; everyone is sheltered there. I’m not sure if anyone already knows the extent of the damage [to the orchards).”
The hurricane pushed up the prices of frozen orange juice and concentrate on the ICE exchange by over 7% since Monday.
Source: datamarnews.com