CRISIS EMERGES: ORANGE JUICE FUTURES SOAR

Filthy, Asian, bugs are to blame.

Just when you thought it was safe to head on over to the store for a box of orange’d juice, all of the fucking groves get destroyed and prices spike.

When will the inflation subside?

“The market is scrambling to find a new equilibrium price to reflect what’s happening on the ground,” Joe Nikruto, a senior market strategist at RJO Futures in Chicago, said in a telephone interview. “You may see speculators entering this market in anticipation that prices are going to go much higher.”

Futures have soared 35 percent from a three-year low of $1.0345 a pound on Sept. 29 as investors weighed slowed demand against declining output. Brazil is the world’s top orange-juice producer, followed by Florida.

No Solution

There’s no solution the citrus disease, which has caused billions of dollars in losses across Florida since 2005. By some estimates, “the industry needs to put more than 20 million trees in the ground over the next 10 years to support existing infrastructure and get production back to where it was” before greening, Michael W. Sparks, chief executive officer of Florida Citrus Mutual, the state’s biggest producer group, said in an e-mail on Friday.

The most “pessimistic” scenario in a recent study by the Florida Department of Citrus has the crop falling to 27 million boxes by 2026. A box weighs 90 pounds or 41 kilograms.

What else could be added? NO SOLUTION. Kiss your orange sliced dessert, at your local chinese restaurant, goodbye.