{"id":1507500,"date":"2024-12-12T10:45:00","date_gmt":"2024-12-12T15:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1507500"},"modified":"2024-12-12T10:45:00","modified_gmt":"2024-12-12T15:45:00","slug":"citrus-crisis-floridas-orange-juice-production-slides-to-lowest-level-since-1930","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/citrus-crisis-floridas-orange-juice-production-slides-to-lowest-level-since-1930\/1507500\/","title":{"rendered":"Citrus Crisis:\u00a0Florida’s Orange Juice Production Slides To Lowest Level Since 1930"},"content":{"rendered":"

Citrus Crisis:\u00a0Florida’s Orange Juice Production Slides To Lowest Level Since 1930<\/span><\/p>\n

\n

The US Department of Agriculture has released an alarming new forecast for Florida’s citrus industry.<\/p>\n

The latest projection indicates orange production for the current season will total around 12 million boxes\u2014the lowest since 1930<\/strong>\u2014according to Bloomberg<\/a>, citing the new USDA report.<\/p>\n

Source: Bloomberg<\/em><\/a><\/p>\n

A devastating hurricane this fall has compounded the damage already inflicted by citrus greening disease, a bacterial infection that has decimated groves over the past decade.<\/p>\n

Orange juice futures have surged to $5 per pound, a staggering 433% increase from the Covid-era lows of around $1 per pound. Worsening supply constraints could squeeze prices<\/strong> even higher.<\/p>\n

<\/a><\/p>\n

Florida’s orange production and citrus exports face an uncertain future as the industry struggles to recover from the dual blows of severe weather and disease.<\/p>\n

More from Bloomberg:<\/p>\n

The cut reflects an even dimmer situation for Florida’s citrus industry, which had been expected to produce fewer oranges even before Hurricane Milton tore through groves in mid-October. Growers have been combating a deadly citrus disease called greening that has decimated orange production, while also trying to recover from hurricanes Ian and Irma in 2022 and 2017.<\/em><\/p>\n

More than 300,000 acres of citrus lands were affected by Hurricane Milton, according to preliminary estimates in October by the Florida Department of Agriculture and Consumer Services.<\/em><\/p>\n

Separate from the report, USDA data indicates US orange juice cold storage levels were at their lowest point at the end of October since the early 1970s.<\/p>\n

<\/a><\/p>\n

In mid-October, we reported how top producer Brazil squeezed<\/strong> international orange juice markets following a devastating drought and widespread crop disease.<\/p>\n

Orange Juice Prices Near Record Highs Amid Fears Of Worst Florida Harvest In A Century https:\/\/t.co\/HGU3ZtY2wN<\/a><\/p>\n

\u2014 zerohedge (@zerohedge) October 16, 2024<\/a><\/p>\n

On Tuesday…<\/p>\n

Bean Mania: Arabica Coffee Hits New High, Cocoa Jumps To 7-Month High https:\/\/t.co\/TDhIUXlReV<\/a><\/p>\n

\u2014 zerohedge (@zerohedge) December 11, 2024<\/a><\/p>\n

Food inflation remains stubbornly high.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 12\/12\/2024 – 05:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/commodities\/citrus-crisis-floridas-orange-juice-production-slides-lowest-level-1930<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Citrus Crisis:\u00a0Florida’s Orange Juice Production Slides To Lowest Level Since 1930 The US Department of Agriculture has released an alarming new forecast for Florida’s citrus…<\/p>\n","protected":false},"author":0,"featured_media":1507501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1507500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6kaw","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/12\/2024-12-11_07-42-28-FJGLiN.png","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1507500"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1507501"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1507500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1507500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1507500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}