US cold storage of orange juice plunged to the lowest level in half a century after extreme weather in Florida and citrus greening damaged production. Dwlinidnig supplies boosted breakfast inflation as prices of orange juice hit record highs. There has since been a dramatic increase in the orange juice trade between the US and South America to balance out supplies.
Brazilian exports of orange juice to the US in the first four months of the season surged 58% from a year ago to a record 112,500 metric tons at the end of October, according to Bloomberg, citing data from Brazil's Secretariat of Foreign Trade.