U.S. Orange Juice Prices Skyrocket on Low Output in Florida
Feb 1, 2022
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Instigated by low production in Florida, the monthly average retail price for 16 oz of orange juice concentrate in the U.S. peaked at $2.65 in December 2021. Although U.S. orange juice output is expected to drop, global production is forecast to rise by 11% to over 1.9M tons in 2022 due to high output in Brazil.