Orange juice manufacturers are grappling with sky-high prices amid a global supply shortage that could force them to turn to alternatives like mandarins.
A global shortage of oranges that sent prices soaring has prompted some orange juice manufacturers to consider turning to alternative fruits to make the breakfast staple. Global prices for oranges hit $3.68 per pound in April, up about 33% from the $2.76 figure recorded one year ago, according to International Monetary Fund data. That also marks a stunning 210% increase from January 2021, shortly before the inflation crisis began.
The spike stems from declining output in Florida, which is the primary U.S. producer, and disease and extreme weather events in Brazil, which accounts for about 70% of global production. Orange trees in Brazil have been suffering from a disease known as citrus greening. Once infected, citrus trees produce fruits that are partially green, small, misshapen and bitter. There is no cure, and trees typically die within a few years of infection.
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