Frozen concentrated orange juice futures rose sharply on Friday, driven by worries that a cold snap could damage Florida’s citrus crop. Weather forecasts indicated potentially freezing temperatures in key growing regions, prompting speculative buying. Analysts are closely watching temperature developments, as significant frost could reduce orange yields and impact juice production.

The January contract climbed 3.15 cents to settle at $1.4255 per pound on the New York Board of Trade. Prices fluctuated throughout the day as traders reacted to updated weather reports and industry forecasts. The extent of any damage will likely take several days to assess fully.

This price movement reflects the sensitivity of the orange juice market to weather-related disruptions. Florida accounts for the majority of U.S. orange production, making it particularly vulnerable to freezes. Consumers may see higher prices at the grocery store if the cold weather persists and affects the orange harvest.