Nobody Wants Frozen Concentrated Orange Juice Anymore
LatestWhen’s the last time you bought one of those frosty cans of frozen orange-juice concentrate? When’s the last time you saw somebody buy one? When’s the last time you even saw somebody take one out of the grocery-store freezer and consider buying it?
The Wall Street Journal reports from the orange-juice futures market and the citrus groves of Florida, where things are looking pretty bleak. The orange harvest is projected to be the smallest in 52 years, the paper reports, and there’s still hurricane season to get through. “You’re witnessing gut-wrenching decisions where multigenerational family citrus growers have reached a point where their risk tolerance isn’t there to continue,” said Florida Agriculture Department and Consumer Services commissioner Adam Putnam.
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