After Hurricanes Ian and Nicole ravaged Florida causing billions of dollars in damage, the state’s citrus growers are expecting smaller yields. As a result, the price of America’s favorite breakfast beverage, orange juice, is expected to rise in price as supply drops.
Frozen orange juice concentrate was already down in production for the 2020-2021 season and on-tree crop values were down nearly half from the 2016-2017 season, hitting a 10-year low. This season’s yield is predicted to be the lowest in 80 years.
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