Summary Box: Spike in OJ prices? It's pulp fiction

AP News
|
Posted: Mar 12, 2012 4:52 PM
Summary Box: Spike in OJ prices? It's pulp fiction

CRISIS AVERTED: Orange juice futures have fallen at least 11 percent since they hit an all-time high in January on supply concerns after juice tainted with fungicide was found in the U.S. and a spell of cold weather raised concerns about Florida's crop.

RISING COSTS: Retail OJ prices have risen in four out of the last five years, largely because of dwindling supplies of oranges and the rising cost of producing and processing the fruit and transporting products to stores.

TEA, WATER OR ENERGY? As OJ sales decline, water, tea and energy drinks are becoming more popular.