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...

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