Orange juice futures experienced a significant price increase following reports of weather damage affecting citrus crops. The price jumped on concerns that adverse weather conditions would negatively impact orange production in key growing regions.

Analysts indicated that the extent of the damage is still being assessed, but early reports suggest a potential reduction in the orange harvest. This has fueled speculation about possible supply shortages and, consequently, higher prices for consumers purchasing orange juice and other citrus products. The market is closely monitoring weather patterns and awaiting further assessments of crop yields to determine the long-term impact on prices.