Orange juice prices go bananas
Malaysia Sun-Business·2022-01-20 05:04
The US orange crop is on course to be the smallest since the 1940s, which could lead to skyrocketing orange juice prices
The US Agriculture Department (USDA) issued a gloomy forecast last week for Florida's orange crop, forecasting that the state will harvest merely 44.5 million 40-kilogram boxes of oranges in 2022 amid citrus disease and bad weather. This would be the smallest crop yield since the 1944-45 season, an analyst from the USDA told CNN Business.
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