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Orange Juice Futures Soar Amid ‘Frost Threats’ In Brazil
Zubu Brothers ^
| 7-27-2021
Posted on 07/27/2021 7:29:39 PM PDT by blam
Brazil’s top growing regions for coffee, sugar, and oranges are expected to see another round of frost later this week. A cold snap last week sent coffee futures to a seven-year high. Now orange juice futures are skyrocketing.
Brazil is the world’s leading orange juice producer. There are concerns about widespread frost Friday and Saturday in the southernmost regions of south Minas Gerais state could damage citrus trees.
Drew Lerner, president of World Weather Inc, told Bloomberg that frost later this week “would damage some trees” in the Minas Gerais state. Below are Friday morning forecast temperatures hovering around freezing.
Widespread frost concerns could tighten supplies and is the reason why orange juice futures are up more than 4.50% Tuesday afternoon, hitting levels not seen since December 2018.
Meanwhile, coffee and sugar futures have moved higher in recent days on the low temperatures. These crops have also been impacted by severe drought.
Another cold snap could easily send orange juice, coffee, and sugar prices higher, adding to the already extreme food prices.
TOPICS: Weather
KEYWORDS: brazil; coffee; freeze; oranges
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1
posted on
07/27/2021 7:29:39 PM PDT
by
blam
To: blam
Trading Places references in 3 2 1....
2
posted on
07/27/2021 7:30:39 PM PDT
by
LukeL
To: blam
3
posted on
07/27/2021 7:32:59 PM PDT
by
Tipllub
To: LukeL
First thing that entered my mind.
4
posted on
07/27/2021 7:33:54 PM PDT
by
HighSierra5
(The only way you know a commie is lying is when they open their pieholes.)
To: blam
Dang...
you need to have orange juice to make a “Texas Margarita”...
5
posted on
07/27/2021 7:35:08 PM PDT
by
Repeal The 17th
(Get out of the matrix and get a real life.)
To: blam
Turn those machines back on!
6
posted on
07/27/2021 7:35:45 PM PDT
by
BlueLancer
(Orchides Forum Trahite - Cordes Et Mentes Veniant)
To: LukeL
7
posted on
07/27/2021 7:35:50 PM PDT
by
Signalman
To: HighSierra5; LukeL
8
posted on
07/27/2021 7:35:55 PM PDT
by
DoodleBob
(Gravity's waiting period is about 9.8 m/s^2)
To: Tipllub
nice picture of a couple of mountains and sun you posted there...
what was it supposed to be???
9
posted on
07/27/2021 7:37:33 PM PDT
by
Repeal The 17th
(Get out of the matrix and get a real life.)
To: blam
Global Warming...err...Climate Change.
Early cold always proceeds higher temperatures.
s/
10
posted on
07/27/2021 7:38:07 PM PDT
by
Deaf Smith
(When a Texan takes his chances, chances will be taken that's for sure.)
To: blam
another round of frost later this week. See, the real threat of climate change - global cooling.
11
posted on
07/27/2021 7:38:10 PM PDT
by
PAR35
To: LukeL
12
posted on
07/27/2021 7:38:59 PM PDT
by
BipolarBob
(Whatever you do, do 100% . . . unless you're donating blood.)
To: DoodleBob
“Looking Good, Billy Ray!”
13
posted on
07/27/2021 7:39:22 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Repeal The 17th
14
posted on
07/27/2021 7:40:21 PM PDT
by
Tipllub
To: Deaf Smith
15
posted on
07/27/2021 7:41:05 PM PDT
by
shotgun
To: Tipllub
16
posted on
07/27/2021 7:41:26 PM PDT
by
Repeal The 17th
(Get out of the matrix and get a real life.)
To: LukeL
Amid ‘Frost Threats’ In Brazil"No, I'm from Sveden..."
17
posted on
07/27/2021 7:43:05 PM PDT
by
RckyRaCoCo
(Please Pray For My Brother Ken.)
To: dfwgator
18
posted on
07/27/2021 7:45:09 PM PDT
by
Ezekiel
("Come fly with US". Ingenuity-- because the Son of David begins with Mars.)
To: RckyRaCoCo
19
posted on
07/27/2021 7:45:55 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: RckyRaCoCo
Robert Frost threatens Brazil
"The woods are dark and deep...
Miles to go before I sleep"
20
posted on
07/27/2021 7:48:41 PM PDT
by
Deaf Smith
(When a Texan takes his chances, chances will be taken that's for sure.)
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