Orange juice futures were a surprise outperformer in the first quarter this year.
Speaking to CNBC in a phone call on Wednesday, Francois Sonneville, senior analyst for beverages at Rabobank's research arm, said demand for orange juice had been lifted because of the coronavirus outbreak.
He added that people would be less likely to skip breakfast if they were placed under lockdown or were socially distancing at home – and orange juice was often found on breakfast tables. "In this unprecedented time, we also see a bigger risk of supply chain disruptions, and that means people start to think this orange juice might not come from Brazil to other places in the world," Sonneville told CNBC. "That's another risk factor and therefore the price should be rising."
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