{"id":21649,"date":"2025-01-06T13:58:26","date_gmt":"2025-01-06T13:58:26","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=21649"},"modified":"2025-01-06T13:58:27","modified_gmt":"2025-01-06T13:58:27","slug":"orange-juice-prices-up-globally-amid-orange-production-lows","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/06\/orange-juice-prices-up-globally-amid-orange-production-lows\/","title":{"rendered":"Orange juice prices up globally amid orange production lows"},"content":{"rendered":"\n<p>After ameliorating a little in December 2024, global orange juice prices rose again in early January 2025 to $5.0479 per pound. This is even as weather-related shortage in Spain\u00a0and Florida weigh in.<\/p>\n\n\n\n<p>Prices of the popular refreshment could remain strong, even going beyond the 2024 high of\u00a0<a href=\"https:\/\/tradingeconomics.com\/commodity\/orange-juice\"><u>$5.5550<\/u><\/a>\u00a0per pound back in September.\u00a0\u00a0<\/p>\n\n\n\n<p>Although Egypt had partially\u00a0<a href=\"https:\/\/www.selinawamucii.com\/news\/2024\/02\/22\/egypt-stops-gap-in-europes-juicing-orange-market\/\"><u>covered the juicing orange gap<\/u><\/a> in early 2024, this did not endure into early 2025.<\/p>\n\n\n\n<p>Instead, the current&nbsp;steep curve owes to not only&nbsp;shortage&nbsp;but cost-influenced falling consumption, which apparently fell by 15% in 2024.&nbsp; According to the&nbsp;<a href=\"https:\/\/www.theglobeandmail.com\/world\/article-high-orange-juice-prices-may-be-on-the-table-for-a-while-due-to\/\"><u>Globe and Mail<\/u><\/a>&nbsp;in a June 2024 story, orange grove diseases and weather events have negatively influenced consumption.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-spain-angle\"><strong>The Spain Angle<\/strong><strong><\/strong><\/h3>\n\n\n\n<p>The supply strain follows losses of over $205 million by production leader, Spain, after the country experienced stormy rainfall in October 2024.&nbsp;<\/p>\n\n\n\n<p>Experts in Spain\u2019s\u00a0<a href=\"https:\/\/www.selinawamucii.com\/news\/2024\/12\/23\/the-valencian-citrus-sector-has-always-guaranteed-a-sufficient-supply-of-citrus-fruits-asserts-ava-asaja\/\"><u>AVA-ASAJA<\/u><\/a>\u00a0organization are however hopeful of a resumption of supplies, although this will take sometime.<\/p>\n\n\n\n<p>This sense of hope is relevant given that oranges are a part of the Mediterranean economy. In 2022 before the weather vagaries, Spain reaped<a href=\"https:\/\/www.yahoo.com\/news\/fruit-farmers-issue-serious-warnings-110016540.html\"><u>&nbsp;$3.6 billion<\/u><\/a>&nbsp;in table orange exports, which ranked the 14th biggest national export.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-florida-uncertain\"><strong>Florida Uncertain\u00a0<\/strong><\/h3>\n\n\n\n<p>On the other side of the Atlantic, Florida in the United States is bracing for its lowest orange harvest in 95 years due to storms.&nbsp;<\/p>\n\n\n\n<p>After a spate of three major hurricanes between 2017 and 2024, the last being Hurricane Milton, farmers in Florida are still coping. <\/p>\n\n\n\n<p>Despite a fruitful 2023-24 harvest that generated<a href=\"https:\/\/www.foxweather.com\/lifestyle\/fla-orange-shortfall-market\"><u>\u00a02 million boxes<\/u><\/a>\u00a0of the fruit, Milton wiped out the gains.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-costly-orange-juice\"><strong>Costly <strong>Orange<\/strong> Juice<\/strong><\/h3>\n\n\n\n<p>For this reason, frozen orange juice prices in the United States appreciated to $4.31 per 12 ounces in November 2024.<\/p>\n\n\n\n<p>Globally, orange juice concentrate was also up to $5 per 12 ounces in November, an indicator of evenly distributed cost.&nbsp;<\/p>\n\n\n\n<p>This trend shows how devastating weather in major production hubs is bringing orange juice prices to a point of no return. As testament to how the price curve of orange juice has been pointing upward historically, below is an American example.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-u-s-orange-juice-price-statistics\"><strong>U.S. Orange Juice Price Statistics&nbsp;<\/strong><strong><\/strong><\/h2>\n\n\n\n<p>The\u00a0<a href=\"https:\/\/fred.stlouisfed.org\/series\/APU0000713111\"><u>U.S. Bureau of Labor Statistics<\/u><\/a>\u00a0reveals that the prices of 12-ounce American orange juice have been increasing gradually between 1980 and 2024. Next are key timings of this price progression, all from the bureau\u2019s data:\u00a0<\/p>\n\n\n\n<p><em>December 1980<\/em>: the price is at a moderate $1.147.<\/p>\n\n\n\n<p><em>August 1990:<\/em>&nbsp; the price reaches $2.227, its highest point up to this time.&nbsp;<\/p>\n\n\n\n<p><em>June 1993 to November 2005<\/em>: in the 12-year period between, prices remained relatively steady, from $1.587 at the lowest and $1.870 at the highest.&nbsp;<\/p>\n\n\n\n<p><em>November 2007<\/em>: from this date on, when a 12-oz can sells at $2.512, prices remain elevated at over $2.00.<\/p>\n\n\n\n<p><em>September-November 2024<\/em>: the price is at its highest in the past 45 years in September through November 2024, reaching $4.306 in November.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After ameliorating a little in December 2024, global orange juice prices rose again in early January 2025 to $5.0479 per pound. This is even as weather-related shortage in Spain\u00a0and Florida weigh in. Prices of the popular refreshment could remain strong, even going beyond the 2024 high of\u00a0$5.5550\u00a0per pound back in September.\u00a0\u00a0 Although Egypt had partially\u00a0covered&#8230;<\/p>\n","protected":false},"author":3,"featured_media":20345,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.3 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Orange juice prices up globally amid orange production lows - Selina Wamucii | Food &amp; Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/06\/orange-juice-prices-up-globally-amid-orange-production-lows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange juice prices up globally amid orange production lows - Selina Wamucii | Food &amp; Agriculture News\" \/>\n<meta property=\"og:description\" content=\"After ameliorating a little in December 2024, global orange juice prices rose again in early January 2025 to $5.0479 per pound. 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