Reported 25 days ago
Despite an overall cooling of inflation, frozen orange juice prices are soaring due to a global shortage caused by adverse weather conditions and a spreading tree disease affecting citrus production, particularly in Brazil and Florida. With 69% of frozen orange juice in the U.S. sourced from imports, rising production costs and supply issues are causing manufacturers to shift towards more profitable non-frozen varieties, exacerbating the price hike for frozen juice.
Source: YAHOO