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https://theconversation.com/whats-the-global-orange-juice-supply-crisis-and-should-australians-be-worried-231290>
"Oranges – and all the things we can make from them – are big business. But the
industry is facing a severe crisis.
About 50 million tonnes of oranges are grown each year, 34% of them in Brazil.
Brazil is also the world’s biggest exporter of orange juice by far, producing
about 70% of global supply.
But Brazil’s orange-growing regions have recently endured extreme drought and
heat stress in the crop’s flowering period, as well as alarming rates of citrus
greening disease – an incurable bacterial infection.
As a result, Brazil’s orange production is now forecast to fall by more than
24% in the 2024–25 season, which would be the country’s smallest harvest since
the late 1980s.
The situation in Brazil has been exacerbated by declining production in other
major orange-growing regions such as Florida, Israel, Spain and Argentina.
Combined, these pressures saw the futures price of frozen concentrated orange
juice – which represents a contract for future delivery – hit an all time high
last week.
So how might these global pressures impact Australia – and the breakfast
rituals of so many?"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
