Orange Juice Crisis: Soaring Prices and Industry's Search for Alternatives
Global orange shortages from disease and extreme weather lead producers to explore other fruits for juice production.
- Orange prices have surged 33% in the past year and 210% since January 2021, reaching $3.68 per pound.
- Florida and Brazil, major orange producers, face severe output declines due to citrus greening disease and extreme weather.
- Frozen orange juice concentrate prices hit $4.25 for a 12-ounce can, a 41% increase from last year.
- Producers are considering using mandarins, which are more resistant to disease, as a potential alternative.
- The global orange juice supply is at its lowest in decades, prompting industry leaders to seek regulatory changes.