Why orange juice has never been more expensive
Tangerine trees at a citrus producing farm in Piedade dos Gerais, Minas Gerais, Brazil
2024-09-12 504词 中等
The problem is that the market for oranges to make concentrate is very concentrated. Growth of the fruit in Florida, once the world’s second-biggest producer, has wilted by 92% in the past 20 years after being hit by pests, hurricanes and rising costs. Other growers, such as Mexico and Spain, largely supply the fresh-fruit market. That leaves Brazil, which accounts for 70% of the world’s production and a similar share of exports. And now it, too, is in trouble.
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