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Looks like the price of oranges and orange juice will be going up
Posted on 5/10/13 at 11:20 am
Posted on 5/10/13 at 11:20 am
quote:
Citrus Disease With No Cure Is Ravaging Florida's Groves
Friday, 10 May 2013
AVON PARK, Fla.—Florida's citrus industry is grappling with the most serious threat in its history: a bacterial disease with no cure that has infected all 32 of the state's citrus-growing counties.
Although the disease, citrus greening, was first spotted in Florida in 2005, this year's losses from it are by far the most extensive. While the bacteria, which causes fruit to turn bitter and drop from the trees when still unripe, affects all citrus fruits, it has been most devastating to oranges, the largest crop. So many have been affected that the United States Department of Agriculture has downgraded its crop estimates five months in a row, an extraordinary move, analysts said.
With the harvest not yet over, orange production has already decreased 10 percent from the initial estimate, a major swing, they said.
''The long and short of it is that the industry that made Florida, that is synonymous with Florida, that is a staple on every American breakfast table, is totally threatened,'' said Senator Bill Nelson, a Florida Democrat who helped obtain $11 million in federal money for research to fight the disease. ''If we don't find a cure, it will eliminate the citrus industry.''
LINK
Posted on 5/10/13 at 11:31 am to jimbeam
I lol'd
Minute Maid is owned by Coke and Tropicana is owned by PepCo. Dole and Chiquita are rallying today.
Minute Maid is owned by Coke and Tropicana is owned by PepCo. Dole and Chiquita are rallying today.
Posted on 5/10/13 at 11:44 am to L.A.
If only Beaks had gotten me that crop report sooner I could have cornered the frozen concentrated orange juice futures market!
Posted on 5/10/13 at 12:15 pm to L.A.
This is really bad for my hometown. Tropicana OJ plant is the 2nd largest for profit employer in Manatee County and directly effects like 80% of the county's economy.
On the plus side, Pepsi stock should get cheap again, and I'm circling like a friendly shark
On the plus side, Pepsi stock should get cheap again, and I'm circling like a friendly shark
Posted on 5/10/13 at 1:11 pm to Vols&Shaft83
Who owns Simply Orange? That stuff is the best
Posted on 5/10/13 at 1:12 pm to Vols&Shaft83
On that same note, this is pretty scary, not to mention the massive die off of bees recently.
LINK /
LINK /
Posted on 5/10/13 at 1:15 pm to Teddy Ruxpin
quote:
If only Beaks had gotten me that crop report sooner I could have cornered the frozen concentrated orange juice futures market!
I was just coming to post this
Posted on 5/10/13 at 1:42 pm to ZereauxSum
quote:
I was just coming to post this
Me too. frick
Posted on 5/10/13 at 1:47 pm to Broke
I troll the internet for great opportunities to use the crop report.
This post was edited on 5/10/13 at 1:47 pm
Posted on 5/10/13 at 2:00 pm to Teddy Ruxpin
You only had one minor mistake. It's Beeks.
Posted on 5/10/13 at 2:19 pm to Broke
Ya I didn't feel like fixing it. I'm as lazy as Valentine was at the beginning.
Posted on 5/10/13 at 2:47 pm to Teddy Ruxpin
Billy Ray had the entrepreneurial spirit
Posted on 5/10/13 at 4:09 pm to L.A.
Those damn orange farmers always have an excuse to keep prices high.... Too hot, too cold, too much rain, not enough, non curable desease now
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