International Price of Orange Juice on the Rise

The price per pound has climbed to $1.36, after a series of frosts affected orange plantations in Florida, U.S.

Thursday, January 21, 2010

Carlos Odio, head of Tico Fruit, one of Costa Rica's largest exporters of the product, added that the price has been rising since November, recording a high of $1.5 per pound on December.

Odio told Nacion.com: "Between 4% and 6% of Florida's plantations were affected. It is not an important volume, but fear struck the markets, driving up the price, even though it has almost doubled the price of one year ago".



More on this topic

Strong Rise in International Price of Orange Juice

October 2017

The decline in the US supply caused by the effects of Hurricane Irma on Florida plantations is an opportunity for Central American producers.

The international price of concentrated orange juice increased by 24% between early July this year and October 3, going from $1.25 per pound of solids to $1.55. Producers of the fruit in Costa Rica even believe that the price could rise more in the coming weeks.

Sharp Rise in International Price of Orange Juice

January 2014

The decline in the U.S. supply caused by the effects of a pest in plantations in Florida, creates opportunities for Central American producers.

An attack of the yellow dragon disease in plantations in the state of Florida, the second largest supplier of orange juice, caused a decrease in supply resulting in a price increase.

A Prosperous 2012 for Oranges

January 2012

Current prices of around $2 per pound of solids, the highest prices since 2007, are consistent with market developments since that year and should remain at that level.

The finding of fungicide residues in a shipment of concentrate from Brazil, the world's largest producer, coupled with fears that frosts would affect plantations in Florida, caused prices to shoot up in US stock exchanges to record levels of $2.13 per pound of solids on January 10th.

Low prices for orange juice affects producers

November 2008

The value on the New York Stock Exchange is below the break-even point in production costs, estimated to be $0.90 per pound of solids.

From December 2006 to now, the price of orange juice fell 59%, creating problems for farmers.
This product was being quoted on the New York Stock Exchange went from $1.98 per pound of solid juice frozen concentrate to only $0.80 per unit, during the aforementioned period.

 close (x)

Receive more news about Agronomy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Take Back Your Life. Costa Rica $100,000 Income & Residency

Property has Everything – Location, Privacy, Ocean Views, Profitable Coffee, Waterfalls, 20 Segregated and Titled Building Sites, Farm Manager.
Very Profitable, $100,000, Coffee Farm, 70 Acre: 30,000...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 27)
Brent Crude Oil
55.65
Coffee "C"
128.00
Gold
1,845
Silver
25.379