Global orange juice prices are up 20% after bad weather and disease hit farming. Harvests in Brazil, which produces nearly 70% of the world’s orange juice, are expected to be down 24% year on year, the third difficult harvest in a row, thanks to the incurable citrus greening disease, spread by sap-sucking insects. Florida, another major producer, has seen the same disease and a sequence of hurricanes. Short-term solutions such as mixing fresh juice with frozen will not fix the problem, an academic wrote in The Conversation: The industry needs to diversify supply, looking to untapped places such as Egypt, and develop more resilient varieties of orange. |