date:Mar 10, 2023
Orange juice price remained at an elevated level as demand for the commodity continues to outpace supplies. It was trading at $2.37 on Wednesday, a few points below the year-to-date high of $2.449. It has been one of the top-performing commodities, having jumped by 172% from its lowest point in 2019.
Demand outpaces supply
Orange juice is an important commodity that is widely used around the world. In the United States, it is estimated that revenue in the orange juice segment came in at $10.24