Orange Juice Futures Market: Concerns Surrounding Brazilian Production Drive Prices To All-Time High
Agribusiness / Brazil / Fri 07 Jun, 2024
Key View
- On June 4, 2024, ICE-listed second-month frozen concentrated orange juice (FCOJ) futures closed the session at USD4.3/lb, equivalent to a 62.5% year-on-year increase. Earlier, on May 28 FCOJ contracts reached an all-time high of USD4.7/lb.
- The bullish sentiment in the market has been largely driven by expectations for a reduced orange crop