The U.S. Department of Agriculture reported that orange production in Florida has fallen by 32% from last season, with an all-orange forecast of 28 million boxes.
Orange juice prices are likely headed higher. Hurricane Ian damaged what was already forecast to be the lowest Florida orange crop in decades. The U.S. Department of Agriculture saidby 32% from last season, marking the scantiest predicted harvest in nearly 80 years.
Additionally, the forecast of all grapefruit production is two million boxes, 40% less than last season’s utilization of 3.33 million boxes. Soft commodities analyst Judy Ganes said last month that strong winds from Ian will likely transport the greening fungus from abandoned orange farms to renovated ones, wasting the work and investment of growers who are trying to expand citrus production.
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