Orange juice futures have risen sharply as buyers turn to healthy products in the midst of a coronavirus outbreak, and as supply grows, supply constraints hit producers as they face shipping problems.
According to an analyst, the outbreak of the coronavirus in orange juice affects both the demand and the supply side, the immune boosting effect has led to a surge in demand for the product, while limiting air transport has also made it more difficult to market. On the supply side, few workers are also a problem, since, among other things, spacing has been introduced on plantations due to the coronary epidemic.
The orange juice futures price has not risen since October 2015, while the London Stock Exchange fell more than ten percent last month and the Dow fell more than sixteen percent. According to an analyst, the price of orange juice may rise in stores after the futures price surge, as orange juice producers will quickly pass on the price increase to supermarkets and other customers.
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