Скачать или смотреть The Real Reason Orange Juice Prices Are Soaring

This is the latest juicy news. It's orange-ly bad, but I promise it won't be a bitter pill to swallow. The Florida orange crop is in a real squeeze, as the state is harvesting its smallest crop in nearly 90 years due to an ill-timed freeze, two hurricanes, and citrus disease.

They're expected to produce only 18 million 90-pound boxes of oranges, which is less than half of last year's poor crop and a 93% decline from their peak output in 1998.

Not only that, but the fruit this year is small, meaning more oranges are needed to fill each box and make the same amount of juice.

This is a blow to the orange industry in Florida, which will produce fewer oranges than California for the first time since World War II. Unfortunately, this means higher prices for orange juice at the grocery store and a decline in consumption.

Well, we might have to start squeezing lemons for our morning juice instead! But in all seriousness, the situation for Florida orange growers is not looking good. Until that improves, let's raise a glass (or a carton) to the Florida orange and all the juicy memories it has given us.

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