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Predicting A Drop In Orange Crop
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Published: October 8, 2008
Expect a smaller orange crop this season from Florida growers, who are facing skyrocketing fertilizer prices and lower orange juice sales. The U.S. Department of Agriculture will release its first citrus crop forecast for the year Friday, but here's an estimate.
155 million
Boxes of citrus Florida growers are expected to produce during the 2008-09 season
170 million
Boxes produced last season
84 cents
Price per pound of orange juice now
$1.14
Price per pound in September
Source: U.S. Department of Agriculture; Bloomberg News; Florida Department of Citrus; industry consultants Elizabeth Stegger and Louis Dreyfus
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