Orange Juice Stockpiles Shrink to Record Low

Stockpiles of orange juice in Brazil, the world’s top exporter, have reached the lowest levels in 12 years in a looming sign of a global shortage as Florida’s production declines and faces threats from what’s shaping up to be a concerning hurricane season. The world is increasingly reliant on Brazilian juice as Florida faced the impacts of disease spreading and destruction from hurricanes over the past 12 months. Orange juice futures traded in New York have jumped more than 50% in 2023. Read what’s happening here.