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Orange juice falls as consumers cut back, freeze less likely

Posted on 15 January 2009

From Bloomberg: Orange-juice futures declined for the fourth time in five sessions on signs that the yearlong recession is forcing U.S. consumers to cut back purchases of non-staple foods.

Sales of orange juice by U.S. retailers fell 3 percent in the four weeks ended Dec. 20, compared with a year earlier, according AC Nielsen data published on the Florida Department of Citrus Web site Jan. 12. Since Sept. 28, sales dropped 2.6 percent from a year earlier, the data show. Orange-juice futures have plunged 45 percent in the past year….. Full Article: Source


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