Hurricane Ian called the attention of the global orange juice market to the possible losses for citrus producers in top grower Florida. If losses are confirmed, it could further tighten the supply and dependence of Americans on Brazilian juice. The analysis was made by the citrus researcher at the Center for Advanced Studies in Applied Economics, Fernanda Geraldini. “Prices were likely to rise considering the Brazilian supply due to low stock levels. This Florida issue would be another aggravating factor, she said.
Source: Revista Globo Rural (*Translated by Ia Niani)