Orange juice prices hit all-time high due to meagre production outlook
Yesterday, orange juice prices rose to the highest since future contracts started trading in New York in 1966. The reason for this rise was the limited production outlook in the United States, Brazil and Mexico, which boosted investors' interest in the product.
The January contract of frozen concentrated orange juice (FCOJ) on the Intercontinental Exchange hit an all-time high of
FreshPlaza is one of the world's most well-known global media platforms for the fresh fruits and vegetables industry, providing its readers with the latest market developments and trends. The team of writers and editors source news from all over the world, and a daily newsletter is sent out with dedicated issues for North America, Latin America, Europe, Asia, Oceania, and Africa.
FreshPlaza is by nature an interactive concept that relies on the participation of its readers, where readers are encouraged to use the platform for publishing free press releases (500 words or less) and job advertisements.