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Orange juice has never been this expensive
  + stars: | 2023-07-24 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
Brazil, the world's biggest juice exporter, will export 1.7% less orange juice to the US compared to last year. Orange juice has never been this expensive, with Bloomberg data showing futures hitting a record high Monday due to rising concerns about global supply from citrus greening, a crop disease, in Florida and Brazil. Orange juice futures climbed 1.8% to $3.052 per pound around midday in New York. Brazil, the world's largest juice exporter, is set to ship 1.7% less orange juice to the US this year, according to a July 20 report from the Department of Agriculture. Disease concerns there as well as in Florida, the US' biggest orange hub, have put a damper on produce expectations.
Persons: Judy Ganes, J, Nielson Organizations: Bloomberg, Service, Department of Agriculture, US, Ganes Consulting, Florida Department, Citrus, Federal Locations: Brazil, Florida, Wall, Silicon, Orange, New York
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