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How Orange Juice Became More Expensive Than Ever

DeFi Daily News by DeFi Daily News
August 6, 2024
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Citrus growers are losing millions of dollars every year as U.S. orange production plummets amid extreme weather events, incurable citrus greening disease and inflationary pressure. In 2024, orange juice futures hit record highs and prices may go higher. The problems plaguing global citrus production are not easily remedied, but experts are hopeful investment in innovations can help save U.S. citrus groves.

Chapters:
0:00 Introduction
1:09 Chapter 1: U.S. oranges
5:02 Chapter 2: Challenging harvests
7:38 Chapter 3: Potential solutions

Produced and Edited by: Andrea Miller
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images

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How Orange Juice Became More Expensive Than Ever

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Tags: boxesBrazilbreaking newsCaliforniacitruscitrus greeningclementineclimate changecnbcCropcuredamageDiseaseDroughtEconomyel ninoexpensiveexportsfarmFloodFloridafreezefrostFruitfuturesglobal warminggrapefruitgrocerygrovesharvestheat wavehurricaneimportIndustryInfectioninvaioJuiceLemonlimeLossesOrangeorange juiceorangespesticidepricesproduceproductionProfitpsyllidRecordRetailSolutionStock markettangerinetreatmenttreciseweatherYIELD
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