Food Industry News

Orange juice is the most grown up in price

orange juice prices have reached the highest level in four years amid concerns over declining harvest, reports Bloomberg referring to the RNS message.

For example, in Brazil - the largest producer of orange juice in the world - heavy rains increase the risk of fungi that can harm crops.

During the year the price of orange juice rose 60% due to lower supply. Stocks of oranges in Brazil reached a record low, and in Florida to harvest can be reduced by 1 October 26% in annual terms.

The November futures for orange juice on the Intercontinental Exchange ICE rose 2,1% - up to $ 1,99 per pound.

"The level of $ 2 remains a psychological barrier to the market, but, of course, climatic conditions can lead to a rapid achievement of this indicator," said J. Ganes Consulting President Judy Gaines-Chase.

Rising prices for orange juice can cause an increase in the costs of such companies as of PepsiCo, which owns the Tropicana brand juice, and Coca-Cola.

See also ... 02/10/2012 Orange juice fell in price by almost 10% over the week 16/10/2013 Americans stopped loving orange juice23/07/2015 Coca-Cola lost $ 25 million on Russian juice27/01/2015 Ochakovo puts on natural drinks20 / 02/2013 Juices survive from PepsiCo and Coca-Cola28 / 01/2016 Russian juice market is losing volumes 02/10/2013 TBFruit Group launched a fruit processing plant in Poland 11/12/2012 AMK fined Sandora 3 UAH for false information07 / 10/2015 Benkons Group will build a juice plant in Tatarstan13 / 11/2014 Coca-Cola will pour “Good” juice in the Rostov region23 / 07/2014 Coca-Cola lost $ 25 million in the juice business16/10/2013 Latvians will be able to distinguish juices from nectars by sugar

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