Commodities: The Orange Squeeze

The Arctic cold wave that swept into the South and Southwest this winter has produced some chilly news for U.S. housewives: they are paying more for citrus fruits and juices, and probably will pay more for a long time. Because of the damage to groves and fresh fruit caused by the freakish cold, the price of oranges is already up from 20¢ to 24¢ a pound, and the price of frozen orange juice has jumped from 20¢ to 30¢ a can. If the housewife has cause to complain, the citrus industry's laments are somewhat muted. For an industry chronically...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!