Concerns over citrus greening disease, also known as Huanglongbing (HLB), are driving up orange juice prices. The disease, which affects citrus trees, is impacting orange production in Florida, a major orange-growing region.
Impact on Orange Production
Citrus greening disease weakens and eventually kills citrus trees, leading to reduced yields and lower-quality fruit. The disease has spread throughout Florida’s citrus groves, causing significant economic losses for growers.
Factors Contributing to Price Increases
- Reduced orange yields due to citrus greening
- Increased costs for growers to manage the disease
- Concerns about future orange supplies
The rise in orange juice futures prices reflects the market’s anticipation of tighter supplies and higher costs for processors. Consumers may see higher prices for orange juice at the grocery store as a result.
