Orange juice prices are soaring on commodity markets as the hurricane season intensifies. Traders are worried about potential damage to orange groves in Florida, the primary source of U.S. orange juice. The futures market is reflecting the increased risk of supply shortages, pushing prices higher.

Analysts suggest that the extent of the price increase will depend on the severity and path of any hurricanes that impact Florida. A direct hit could cause significant damage, leading to a substantial reduction in orange juice production. Conversely, if the state avoids major storms, prices could stabilize or even decline.

Consumers may eventually see higher prices for orange juice at the grocery store if the elevated futures prices persist. The impact on retail prices will depend on how quickly juice processors pass along the increased costs.