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Citrus greening cuts Florida orange forecast to lowest since 1990

Orange juice futures are expected to rise after a widespread citrus greening disease, more properly known as Huanglongbing or HLB, in Florida is causing fruit to drop early. Orange juice futures in New York will rally 18 percent to $1.6465 a pound by

Orange juice futures higher on citrus greening, a crop disease

In its first Citrus report of the crop year that began Oct. 1, the USDA forecasts that Florida growers would reap 125 million 90-pound boxes of oranges. That would be the smallest harvest since 1989-1990, when a freeze hit the

Disease Threatens Florida’s Citrus Industry

Florida’s citrus industry is grappling with the most serious threat in its history: a bacterial disease with no cure that has infected all 32 of the state’s citrus-growing counties. Although the disease, citrus greening, was first spotted in Florida in

Brazil orange harvest down 15%

The Brazilian orange harvest will be completed soon. Started last July, it should finish at the end of January, with a declining production. A Jan. 8 report from the Center for Advanced Studies on Applied Economics (CEPEA) in Sao Paulo, which monitors

Weekly Orange Juice: Watch For A Price Bump

I expect to see orange juice prices pick up as we may be under way with futures appreciating 7% this week. As one can see, prices are bouncing off oversold levels and while past performance is not indicative of future

Commodities Prices Continue to Rise –

NEW YORK—Commodities prices rose as traders braced for fresh confirmation that poor weather and production outages are cutting into supplies. Agricultural commodities, including cotton and orange juice, logged a day of gains ahead of a U.S. Department of Agriculture report

Orange Growers Fall Victim to Property Bust –

Since being spotted in 2005, the disease has spread to all parts of the state. And with no known cure, citrus greening is threatening to cripple a $9 billion-a-year industry that supplies 90% of U.S. orange juice. As if the

Brazil Crops Shrivel as Amazon Dries Up to Lowest in 47 Years –

Drought in Brazil, the world’s biggest producer of coffee, sugar and oranges, is harming crops and drying the Amazon River to its lowest in 47 years. Sugar rose to the highest price in seven months in New York today and