Sharp Rise in International Price of Orange Juice

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

Wednesday, January 15, 2014

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. While last December the product was trading on the U.S stock market for $1.35 per pound of solids up until last Monday was the price stood at $1.47.

"Current market conditions indicate that the higher prices for orange juice concentrate will remain in the coming years as Florida plantations are not able to easily recover from this blight ... " .

" ... After six years of research the first plots have been made of varieties of oranges, lemons and grapefruits. That will allow producers to sell fruit for table consumption and not for juice, which gives them a much higher income," said Arturo Laso, manager of the National Citrus Program.



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.

Oranges: Prices Rise As Supply Drops

July 2016

The projected 16% drop in orange production in the state of Florida in the 2015-16 season will drive up the international price of fruit concentrate.

The Department of Agriculture reported that orange production in Florida will be reduced by up to 90 million cases in the 2015-2016 season, 16% less than in the previous season, when 96.8 million cases were produced. 

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.

International Price of Orange Juice on the Rise

January 2010

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

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.

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