Orange Juice Prices and Futures Soar to Record Highs Amid Brazilian Drought

Sep 7, 2024, 12:18 PM

Orange juice prices have reached all-time highs due to severe drought and widespread crop disease in Brazil, the world's top exporter. The plummeting global supplies have left soft-drink companies facing a dire situation, with many unsure how to manage the escalating costs. Orange juice futures are soaring to a new all-time high.