High price of Florida orange concentrate could benefit Costa Rica

The international price of orange juice increased by 24 percent between the beginning of July of this year and October 3, going from $ 1.25 to $ 1.55 per pound as a result of the strong impact of the passage of Hurricane Irma on plantations in Florida.

Roberto Aragon, executive director of Tico Frut, the main orange concentrate exporter in Costa Rica, said that any upward adjustment in the market would benefit companies and producers in Costa Rica, but that it would be difficult to establish that positive impact.

Source: Fresh Plaza