Business Why are orange juice prices increasing worldwide?

Why are orange juice prices increasing worldwide?

The price of orange juice has skyrocketed by more than 20% this month as consumers looking for healthy products add and add during the current covid-19 pandemic.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Demand has continued to increase in recent weeks Y the offer is affected as producers have to redouble efforts to transport their crops amid restrictions imposed to prevent the spread of the coronavirus. “data-reactid =” 33 “> Demand has continued to increase in recent weeks and the offer is affected because producers have to redouble efforts to transport their crops amid restrictions imposed to prevent the spread of the coronavirus.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This phenomenon also caused an increase in the called future price of orange juice, an indicator based on the cost of delivering the product for the coming months. “data-reactid =” 34 “> This phenomenon also caused an increase in the so-called future price of orange juice, an indicator based on the cost of delivering the product for the coming months.

Projections indicate that this natural drink became the best performing asset so far this year.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""Outbreaks of covid19 they are affecting both supply and demand for orange juice. Immune-boosting properties are the demand-side attraction, while there simply aren’t enough shipping quotas given that airlines don’t fly to bring the product to markets, “said Stephen Innes, head of global marketing for the marketing company. AxiCorp. ” data-reactid = “41”> “Outbreaks of covid19 they are affecting both supply and demand for orange juice. Immune-boosting properties are the demand-side attraction, while there simply aren’t enough shipping quotas given that airlines don’t fly to bring the product to markets, “said Stephen Innes, head of global marketing for the marketing company. AxiCorp.

Demand for oranges is booming because of covid-19.

Demand for oranges is booming because of covid-19.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Also, on the supply side, there are other problems like lack of workers, since plantations introduced restrictions such as social distancing from the pandemic. “data-reactid =” 62 “> In addition, on the supply side, there are other problems such as lack of workers, since plantations introduced restrictions such as social distancing from the pandemic.

“Future price”

Orange juice price estimates have seen their biggest monthly gain since October 2015.

For Stephen Innes, the mere fact of talking about the future price increase causes the cost of this product to increase in stores.

“The effect will be rapid as orange juice producers pass the price increases on to supermarkets and other buyers.”

Most products are priced in the future, and contracts on these projections help companies set a cost to protect themselves from price fluctuations.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Future price contracts are common for products named soft like oranges and wheat, They are vulnerable to sudden price increases due to poor harvests and natural disasters. And sudden pandemics like the coronavirus. “Data-reactid =” 70 “> Future price contracts are common for so-called soft products like oranges and wheat, They are vulnerable to sudden price increases due to poor harvests and natural disasters. And sudden pandemics like the coronavirus.

A young Russian volunteer makes the purchaseA young Russian volunteer makes the purchase

As of Friday, March 27, there were over half a million confirmed cases of covid-19 worldwide.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Now you can receive notifications from BBC Mundo. Download the new version of our app and activate them to not miss our best content.“data-reactid =” 91 “>Now you can receive notifications from BBC Mundo. Download the new version of our app and activate them to not miss our best content.

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