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

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The supply of oranges has dropped as the world's largest exporter struggles to produce the fruit.

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.

 

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