Thursday, July 5, 2007

Orange Juice Declines as U.S. Retail Sales Fall, Hurricane Threat Eases

(Bloomberg) -- Orange-juice futures in New York fell
for the third straight session as Florida reported that
consumption declined and the threat of hurricanes eased.

Retailers in the U.S. sold 45.23 million gallons of orange
juice in the four weeks ending June 9, down 16 percent from the
same period a year earlier, according to a Florida Department of
Citrus report today. The average price per gallon rose to $6 from
$4.79, boosting retail revenue 5.8 percent to $271.6 million, the
department said.


Read more at Bloomberg Commodities News

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