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This Article is From Jul 09, 2016

Shrinking Orange Juice Supplies Means Expensive Mimosas: Chart

Shrinking Orange Juice Supplies Means Expensive Mimosas: Chart

(Bloomberg) -- Prices for orange juice are soaring as a crop disease called citrus greening hampers fruit yields in Brazil and Florida, the world's top producers of the beverage. Adverse South American weather and the threat of a more-active-than-normal Atlantic Hurricane season pose the risk of further production losses. Global inventories have shrunk to the smallest since 2009, while orange-juice futures in New York are trading at the highest in more than four years.

To contact the reporter on this story: Marvin G. Perez in New York at mperez71@bloomberg.net. To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Millie Munshi, Robin Saponar

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