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Orange juice has never been this expensive
Source: The Daily Shot, https://thedailyshot.com/2023/07/27/feds-presumably-final-hike-triggers-dollar-decline/
Orange futures hit a record high due to concerns about global supply caused by citrus greening, a crop disease affecting Brazil and Florida.
Brazil, the world's largest juice exporter, will ship 1.7 percent less orange juice to the US this year.
Orange juice consumption has dropped to its lowest level in five years as retail prices have climbed, while prices for eggs and bacon have been easing due to cooling inflation.
