π In W4 2022, US FCOJ (Frozen Concentrate Orange Juice) Futures reached its highest rate in 2 years. This rise was an immediate reaction to the USDA's status report confirming low orange production in the country.
While weather conditions, consumer trends, and COVID-19 are all fair game in generally explaining low production yields, orange producers in the US found themselves in a particular predicament this marketing year.
Learn more about the situation, production in other countries, and its effect on global market dynamics in this episode.
ππΏπ¦ Tridge's Global Market Analyst Mzingaye Ndubiwa joined us from South Africa to share his insight into the situation.
π For more information on todayβs episode, read our article on low US orange production here.
π» Want more agricultural insights? Get smarter and stay updated on the most important agricultural updates through https://www.tridge.com/intelligence-data.