Wed, 27 Jun 2012 05:48:38 CDT
Investors believe adverse weather could hurt orange groves and cause the price of citrus fruit to rise. Already impacted by four storms in the Gulf of Mexico which have been strong enough to earn names, investors say additional storms could be devastating to crops, according to the Wall Street Journal. The price of juicing oranges is up 13 percent since mid-May. The Journal reported that a stronger storm at this point in the season has the potential to injure fruit while it buds and uproot trees.
Read full article at: bizjournals.com