Florida orange growers are facing what's forecast to be their smallest crop in nearly 90 years.
Florida is expected to produce 18 million 90-pound boxes of juicing oranges this year, according to a U.S. Department of AgricultureThat's less than half of last year's crop and a 93% decline from the 1998 peak, theThe existing short supply of Florida oranges is already driving orange juice prices up. Not-from-concentrate juice now costs more than $10 a gallon, up roughly 20% from 2016, per WSJ.
And a poor harvest will further squeeze growers still struggling to recover from two hurricanes last year.Matt Joyner, CEO of trade association Florida Citrus Mutual, told Axios that farmers had just started to recover from 2017's Hurricane Irma when 2022 brought a series of severe weather events. "Replanting — it's a five-year process to get trees back up and productive," he said. "And here we are, five years out, and got hit by a freeze back in January of '22."
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