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Orange juice to SOAR in price as Hurricane Irma damage sees Florida production plummet

January 8, 2018 3:05 AM
17 0
Orange juice to SOAR in price as Hurricane Irma damage sees Florida production plummet

With the Sunshine State now set to produce its smallest crop since 1945, it is feared thousands of Brits may be forced to pay more of their favourite breakfast drink.

Frozen orange concentrate’s price now costs £1,600 a tonne after the vicious storm ripped through the southern US state in September.

Rabobank beverage analyst Andres Padilla said: “The fact Florida is having such a problem with production and Brazil will probably have a smaller crop means supply will probably decline faster than demand, so prices will trend higher.”

More than 75 people died and at least $100billion (£74billion) of damage is expected to have been done.

As well as the problems caused by hurricane damage, the orange crop are also suffering from citrus greening disease.

Once a tree is infected with the deadly disease there is no cure and can devastate millions of acres of crop.

Source: express.co.uk

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