Your Morning Juice Just Got More Expensive
At least Biden isn’t responsible for this one.
President Biden has been a big factor contributing to inflation across the United States. Now prices are expected to rise on orange juice and for once it actually isn’t Biden’s fault.
According to NBC, the prices for orange juice are expected to rise because of the issues down in Florida and Hurricane Ian which will heavily impact the production of orange juice in the United States.
November orange juice futures contracts were trading at an exceptional high of $1.92 per pound before finally falling back down to $1.87.
Orange juice production was already facing issued due to “greening disease” and now this storm only adds to more complications.
Vice president at PRICE Futures Group Jack Scoville explained, “The amount of loss is going to be pretty significant. The state has already been trying to come back from a greening disease problem from another hurricane a few years ago that blew the disease up from South America. … I would say this hurricane will probably affect half the oranges down there one way or another.”
