Brought to you by WBIW News and Network Indiana
Last updated on Thursday, January 12, 2012
(UNDATED) (WISH) - If a glass of orange juice is part of your breakfast each morning, be ready to shell out more to pay for it.
The price of orange juice futures spiked to their highest in 35 years. At local stores, an 89-ounce container costs nearly $6.
Experts say there are a number of reasons why. The most recent is that the government may ban oranges from another country.
The FDA says it looked at some orange juice in the U.S. and found low levels of a chemical used to kill fungus. The oranges used to make that juice came from Brazil, where that chemical is legal.
The government says it is doing more testing, but officials are not recalling any juice and say the juice on store shelves is safe.
Some worry the government could ban oranges from Brazil.
A recent cold snap in Florida is also contributing to the higher costs.
The Wall Street Journal reports Florida provides 76 percent of oranges in the U.S.; the rest come from other countries.
1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at firstname.lastname@example.org
© Ad-Venture Media, Inc. All Rights Reserved.
Click here to go back to previous page