Orange-Juice Breakfast Heads for Record Cost: Chart of the Day
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U.S. consumers are poised to pay the most ever for their breakfast orange juice as inventories dwindle.
The CHART OF THE DAY shows that retail orange-juice prices have climbed to the highest level since reaching a record in March 2009. Stockpiles of the frozen beverage slid 40 percent in the 12 months through May, the most recent government data show. Adverse weather in Florida, the world’s biggest citrus grower after Brazil, means that supplies may be further eroded, said Jimmy Tintle, an analyst at Transworld Futures.