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Florida Economy Threatened As ‘Greening’ Ravages Citrus Crop

Investing.com - Financial Markets Worldwide


First published on www.investing.com


Orange juice sales continue to slide, hitting a record low of 34.96 million gallons in the four weeks that ended Aug. 2, down 9.2 percent over a similar period in 2013, according to Nielsen data cited by the Wall Street Journal. That decrease can be chalked up both to the puny domestic citrus crop and consequent higher prices. Frozen, concentrated orange juice futures are up, trading at $1.47 a pound on the ICE Futures U.S. exchange as of Aug. 18, representing a jump of 5.6 percent this year.


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