US orange juice retail sales have decreased by 13.2% this season to 27.17 million equivalent gallons. OJ’s average season-to-date price has climbed 12.6% to $8.61 per equivalent gallon. Marisa Zansler, Florida Department of Citrus director of economic and market research, provided that information in her May 17 report to the Florida Citrus Commission.
By OJ category, not-from-concentrate (NFC) has increased by 9.3% to $10.18 per equivalent gallon. The price for reconstituted OJ has increased by 14.7% to $6.65 per equivalent gallon. Zansler reported that OJ inflation easily surpassed the overall April inflation rate of 4.9%. She said although there are signs of inflation easing, it’s crucial to acknowledge that prices will not revert to their levels from two years ago.
Read the full article on citrusindustry.net.