Summary Box: OJ prices surge on import worries

AP News
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Posted: Jan 20, 2012 4:49 PM
Summary Box: OJ prices surge on import worries

OJ RISES: Orange juice for March delivery rose 10 cents, the maximum allowed in daily trading, to close at $2.1065 per pound. The price is near a record high.

IMPORT WORRIES: Traders are worried that juice imports from Brazil could be halted if the U.S. Food and Drug Administration finds traces of a banned fungicide. The FDA started testing for the fungicide carbendazim this month after low levels were detected in juice supplies.

OIL UNDER $100: Benchmark crude oil fell $2.21 to $98.33 per barrel on the New York Mercantile Exchange.