​”No Juice In Market”: Run-Away OJ Prices Squeeze Soft-Drink Firms – Tyler Durden

“No Juice In Market”: Run-Away OJ Prices Squeeze Soft-Drink Firms Frozen concentrated orange juice futures on the Intercontinental Exchange in New York recently soared to $5/lb, a staggering 433% jump from the Covid lows of around $1/lb. This parabolic move in OJ prices has been mostly driven by sliding yields across the US and Brazil, now squeezing cash-strapped consumers. Let’s begin with the US. Hurricanes Ian and Nicole, freezing conditions, and citrus greening disease have decimated citrus groves across Florida in the last several years. Some of the latest industry figures show that US orange production is set to reach…  — Continue at ZeroHedge News : Read More