Companies May Stop Using Oranges to Make Orange Juice as Costs Skyrocket

A dwindling supply of oranges from the world's largest exporter could force manufacturers to look for substitutes as prices soar, according to reports.Global prices for oranges went up to about $3.70 per pound in April compared to $2.80 at the same time a year ago, according to Federal Economic Reserve Data.Brazil, the leading supplier of oranges, is in the grips of a poor harvest caused, say some experts, by climate-change related disruptions and disease.

In Brazil, the damage is accentuated in the country's main producing region, the citrus belt.'Kees Cools, president of the International Fruit and Vegetable Juice Association , told The Financial Times that juice makers may look to other options like mandarins, whose trees are more resistant to the diseases hurting oranges. The solution could lie in the 'use different species of fruit,' Cools told the Financial Times.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Sony Music Group warns more than 700 companies against using its content to train AIAngela Yang is a culture and trends reporter for NBC News.
Herkunft: NBCNewsHealth - 🏆 707. / 51 Weiterlesen »

The SEC Can’t Stop Suing Crypto CompaniesDaniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »