Frozen concentrated orange juice futures on the Intercontinental Exchange in New York are nearing new record highs. The squeeze in the physical markets may drastically worsen after a new citrus grove survey damage report across Florida following Hurricane Milton shows widespread damage. Industry consultant Judy Ganes told Bloomberg that more than three million boxes of oranges may have been lost after Milton knocked fruit from branches and devastated citrus groves in the Sunshine State. She warned the next Florida harvest could be the worst since the late 1920s. https://activistpost.com/2024/10/orange-juice-prices-near-record-highs-amid-fears-of-worst-florida-harvest-in-a-century.html