Extreme weather and a prolific citrus disease have plagued Florida’s orange crop, sending prices through the roof
Has breakfast in the US ever been this expensive? The recent eggflation seen across the country has caused an uproar, and now orange juice is adding to the financial pain.
Orange juice futures – contracts to buy and sell OJ – have almost doubled to $2.60 per pound over the last year, up from $1.40 a year ago, leading to price surges in stores. In January, orange juice not from concentrate hit $10 a gallon, while juice from concentrate hit $6.27 per gallon.
Continue reading...