Orange Juice Rises Most in Four Weeks; Sugar, Coffee Gain
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Orange-juice futures gained the most in four weeks on speculation that the U.S. will cut its forecast for output in Florida, the world’s second-biggest citrus grower. Sugar, coffee, cocoa and cotton also advanced.
In the season that started Oct. 1, Florida may harvest 145.16 million boxes of oranges, down from 146 million projected in December by the U.S. Department of Agriculture, according to the average of eight analysts in a Bloomberg survey. The Washington agency will update its estimate at noon tomorrow. Last month, the projection was reduced by 5.2 percent.