Orange juice prices set to soar

The price of orange juice looks set to soar by up to a third after cold weather and disease hit citrus groves in Florida.

The American state is one of the world’s main producers – and the problems it has experienced have already led to the price of concentrated juice doubling in a year.
Supermarket prices have been reasonably stable so far but experts say this is only because stores fix prices with suppliers months in advance.
The US government expects this season’s yield of Florida oranges to be down 17 per cent on last year, at 135 million boxes, because bad weather has meant smaller oranges and fewer fruit per tree.