Thursday, May 31, 2007

Orange Juice Falls to Five-Week Low as Rains May Ease Florida Crop Damage

(Bloomberg) -- Orange-juice futures fell to a five-
week low on speculation that rains will ease the risk of damage
to the citrus crop in Florida, the largest orange producer after
Brazil.

Rain may fall in citrus-growing regions including Polk,
Hendry and Highlands counties tomorrow through June 6, the
National Weather Service said. Wholesale orange juice had jumped
6.6 percent during the first two weeks of May as dry weather
threatened groves still recovering from hurricane damage in 2004
and 2005.


Read more at Bloomberg Commodities News

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