Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Orange-Juice Futures Fall as Freeze Concerns Ease in Florida

Dec. 7 (Bloomberg) -- Orange-juice futures fell the most in three weeks as cold-weather concerns eased in Florida, the world’s second-largest grower.

Less than 10 percent of Florida’s citrus belt had frost damage after a cold snap yesterday, said Kyle Tapley, a meteorologist at MDA Information Systems Inc. in Rockville, Maryland. “The problem was a little spotty. There wasn’t widespread damage.”

Orange juice for January delivery dropped 3.75 cents, or 2.3 percent, to settle at $1.607 a pound at 2 p.m. on ICE Futures U.S. in New York, the biggest decline for a most-active contract since Nov. 16. In the previous four sessions, the price rallied 10 percent.

The commodity has gained 25 percent this year on supply concerns, and yesterday jumped to $1.667, the highest since May 2007.

“It definitely was an early frost this year, but it looks like the temperatures are going to be safely warming up after tonight,” said Fain Shaffer, the president of Infinity Trading Corp. in Medford, Oregon. Yesterday’s rally may have marked a “short-term high,” he said.

Brazil is the largest orange grower.

To contact the reporter on this story: Leslie Patton in Chicago at

To contact the editor responsible for this story: Steve Stroth at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.