Freeze Causes Rise in Citrus Prices

Florida's chilly weather may have a chilling effect on the wallets of some consumers.

Orange juice prices rose to about 4% to $1.80 per pound on Wednesday. The rise in price has been blamed on the recent cold streak and concern over possible disruption to Florida's citrus supply.
U.S. Agricultural Department expects Florida to produce around 147 million boxes of oranges or 11.7 million tons of citrus. That's up by about 7% from last year. Florida accounts for about 63% of all U.S. citrus production.

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