Orange harvest failures drive up prices:
Brazil, the world's largest producer, expects further crop failures. Fruit juice manufacturers are looking for solutions ...
wiesbadener-kurier.de/wirtschaft/wirtschaft-deutschland/missernten-bei-orangen-treiben-die-preise-3641546
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Orange Juice Shortage Hits Global Markets HardBrazil’s orange harvest drops 25%, causing prices to surge and reducing juice availability by 4 liters per EU citizen.
Key FactsJun 5, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: wiesbadener-kurier.de
Summary created with AI assistance · Source: wiesbadener-kurier.de
- Brazil faces its worst orange harvest in 36 years, with an expected 25 percent decrease in output.
- The shortage of concentrated orange juice drives prices sharply higher in Germany and beyond.
- Producers respond with price hikes and product reformulations, lowering juice content to maintain supply.
- Climate change and citrus diseases have inflicted billions in damages, deepening the ongoing crisis.
We have never experienced anything like this, not even during the great frosts and hurricanes.— Kees Cools, President of the International and Vegetable Juice Association (IFU), describes the current crisis situation of orange harvests.
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May 30, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
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