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Top related persons:
CitrusBR - 1 Mohamed Abd El Ghany - 1 Dave Reiter - 1 OJ - 1 Darin Fessler - 1 Ibiapaba Netto - 1 Netto - 1 greening - 1
Top related locs:
Brazil Fundecitrus Sao Paulo Minas Gerais El Nobaria Cairo Egypt New York
Top related orgs:
Service - 1 Business - 1 REUTERS - 1 Intercontinental Exchange - 1 Reiter Capital Investments - 1 CitrusBR - 1 Thomson - 1

Search resuls for: "CitrusBR"


2 mentions found


☆ The world is facing an orange juice crisis. The race is now on to find a substitute fruit.
  + stars: | 2024-05-30 | by ( Mikhaila Friel | ) www.businessinsider.com   time to read: +1 min
Orange juice manufacturers face a supply crisis and are considering alternative fruits. Brazil and Florida's orange supplies are declining due to disease and poor weather conditions. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. A report from Fundecitrus and CitrusBR said that the climate crisis and a citrus disease known as greening have caused Brazilian orange farmers to harvest their smallest crop in decades. Brazil is the world's largest orange juice producer and exporter.
Persons: CitrusBR Organizations: Service, Business Locations: Brazil, Fundecitrus, Sao Paulo, Minas Gerais
☆ Orange juice prices hit all-time high amid bleak production outlook
  + stars: | 2023-10-31 | by ( Marcelo Teixeira | Thomson Reuters | Covers Agricultural Commodities | ) www.reuters.com   time to read: +2 min
The January contract of frozen concentrated orange juice (FCOJ) on the Intercontinental Exchange (ICE) hit an all-time high of $4.17 per pound during the session, before falling back to $3.83 per pound. Did anyone predict $4.00 orange juice? As a comparison, the most traded contract among the soft commodities, ICE's raw sugar, had over 435,000 lots in open interest. Ibiapaba Netto, executive director at CitrusBR, the association representing Brazilian juice producers, said that a reversal of the current tight supply situation would take time, and is not certain to happen. Brazil has a 75% share of the global orange juice trade.
Persons: Mohamed Abd El Ghany, Dave Reiter, OJ, Darin Fessler, Ibiapaba Netto, Netto, greening, Marcelo Teixeira, Nick Zieminski Organizations: REUTERS, Intercontinental Exchange, Reiter Capital Investments, CitrusBR, Thomson Locations: El Nobaria, Cairo, Egypt, New York, United States, Brazil, Mexico, U.S
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