Orange Juice Prices Jump 35 Percent Amid Production Decline

The price of orange juice has risen by more than a third in 2024 as production in major supplier Brazil continues to remain low while producers fight against the “greening” disease affecting crops. The prices of orange futures have risen around 35 percent this year so far. Orange futures were trading at $4.41 a pound as of 3:35 a.m. EST on June 7, up from $3.25 per pound at the beginning of 2024. Since 2020, prices are up by 354 percent from $0.97 per pound. The spike has been attributed to declining production of oranges. Out of the roughly 19.8 billion liters of juice beverages consumed globally every year, roughly seven billion is accounted for by orange juice, said a May 31 press release by the International Fruit and Vegetable Juice Association (IFU). The supply side of orange juice has been facing “significant constraints,” it noted....