- Orange futures just reached a record high, Bloomberg data shows.
- Citrus greening, a crop disease, is spreading in Brazil and Florida, two top orange producers.
- Brazil, the world’s biggest juice exporter, will export 1.7% less orange juice to the US compared to last year.
Breakfast just got pricier for a reason other than inflation.
Orange juice has never been this expensive, with Bloomberg data showing futures hitting a record high Monday due to rising concerns about global supply from citrus greening, a crop disease, in Florida and Brazil.
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