The cost for orange juice continues to surge, and it is likely to remain strong due to bad weather and disease impacting crops, according to commodities analyst Judy Ganes.
Everstream Analytics Chief Meteorologist Jon Davis discusses Hurricane Ian's effect on the citrus farming industry on 'Mornings with Maria.', which has been "dealt a heavy blow," is now the smallest it's been since the 1930s, according to commodities analyst Judy Ganes.
The Florida orange crop, which has been"dealt a heavy blow," is now the smallest it's been since the 1930s, according to commodities analyst Judy Ganes. "The yields are not what they were before," which means the processors have to buy more fruit to get the same quantity of juice, according to Ganes.
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Here’s why orange juice prices are soaring across the USRetail prices reportedly recently hit a record $6.27 a gallon for reconstituted juice and $10 a gallon for squeezed, or not from concentrate.
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