Citrus disease and bad weather are constraining the supply of oranges. Meanwhile, demand for orange juice got a bump during the pandemic.
Citrus disease and bad weather are constraining supply of oranges in the United States and internationally. Meanwhile, demand for orange juice — which has been sliding for years — got a bump during the pandemic. That has sent orange juice prices higher during the pandemic, and they will probably continue to climb: Frozen orange juice futures have surged more than 50% during the pandemic, and they rose to a two-year high last week — soaring 5% alone Thursday.
Florida's orange crops, which are responsible for most of the country's orange juice, have been dwindling for years, she noted. One culprit is an insidious citrus disease, referred to as citrus greening, which leads to smaller oranges and less fruit per tree. Gas prices are in the danger zone.
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