Florida orange estimate cut
Florida orange estimate cut
The U.S. Department of Agriculture has released its January orange crop forecast for the 2008-09 season, reducing its earlier estimate by 3 million boxes, to 162 million boxes.
"This is a manageable crop, and hopefully the reduced production will spur higher prices to growers because right now they are facing very high input costs associated with disease pressure and fertilizer prices," Michael W. Sparks, executive vice president and chief executive officer of Florida Citrus Mutual, said in a press release. "We are in the middle of a very challenging season."
"This is a manageable crop, and hopefully the reduced production will spur higher prices to growers because right now they are facing very high input costs associated with disease pressure and fertilizer prices," Michael W. Sparks, executive vice president and chief executive officer of Florida Citrus Mutual, said in a press release. "We are in the middle of a very challenging season."