Trending:

International Orange Juice Futures up by One Fifth thanks to Coronavirus

By John Smith • Published: 27 Mar 2020 • 14:01

MANY will remember the highly successful Trading Places movie which was all about Orange Juice futures and the fluctuation of price.

This is now hitting the OJ industry as demand has caused prices worldwide to rise by as much as 20 per cent as people look for healthy products due to coronavirus.

Dealers who work in the world of futures (prices expected for delivery several months ahead) see the lack of a work force to pick the fruit and difficulty in transportation as factors likely to reduce supply and increase costs.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

Comments

Continue Reading