Citrus Crisis: Florida to have the worst orange crop since World War II
The state is expected to have the smallest orange crop in almost 80 years before factoring in the full impacts of Hurricane Ian.
USDA numbers show Florida’s citrus crop is set to have its worst year in almost eight decades.
It comes as growers get their first assessment of the damage that Hurricane Ian left behind. The state is set to produce just 28 million boxes for its current season, which is down 32 percent from last year and the worst since World War II.
News of the shortfall sent orange juice futures surging almost 5 percent, which is the highest level seen since 2016 with prices up 55 percent in the last year.