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NY juice jumps in biggest one-day rally in a month |
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Written by Chris Kelly of Reuters.com
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Thursday, 23 February 2012 16:52 |
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Orange juice futures jumped over 2 percent on Thursday, pushing back near the top of its recent trading band, as players await news from the U.S.
Food and Drug Administration on banned fungicide in juice imports.
It was the market's biggest one-day gain in nearly a month as prices bounced back from the $1.75 per lb level, an area of support that should continue to hold as long as the fate of Brazilian juice imports remains unclear, analysts said.
"We are still waiting on news from the FDA, and how they will move forward with the issue of Brazilian oranges," said Sterling Smith, senior analyst with Country Hedging Inc.
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Last Updated on Thursday, 23 February 2012 09:56 |
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NY juice ends slightly down, eyes fungicide news |
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Written by Frank Tang of Reuters.com
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Tuesday, 21 February 2012 16:27 |
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Orange juice futures eased on Tuesday, following its first weekly rise in three weeks, as the market awaited further news regarding a banned fungicide in juice imports.
On Friday, the citrus market rallied on supply concerns a day after the U.S. Food and Drug Administration had turned down a request to change its acceptable levels of carbendazim, a
fungicide commonly used in the Brazilian orange juice industry.
Benchmark May frozen concentrated orange juice edged down 0.6 cents to close at $1.8045 per lb, trading from $1.7650 to $1.8225.
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Last Updated on Tuesday, 21 February 2012 09:34 |
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Brazil Orange Growers to Halt Fungicide Use on U.S. Screening |
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Written by Lucia Kassai of Bloomberg.com
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Tuesday, 07 February 2012 09:47 |
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Orange-juice producers in Brazil, which supply about one in every six glasses drunk in the U.S., will stop using a fungicide that led shipments from the South American country to be detained, an industry group said.
Carbendazim, a fungus killer banned in U.S. groves, will be removed from a list of chemicals approved by Brazil’s orange- juice industry, the producers-run Fund for Citrus Plant Protection, known as Fundecitrus, said today in an e-mailed statement.
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Last Updated on Tuesday, 07 February 2012 02:49 |
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Orange Juice Rebounds on Renewed Concern U.S. Will Limit Imports |
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Written by Marvin G. Perez of Bloomberg.com
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Friday, 13 January 2012 13:21 |
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Orange-juice futures soared, rebounding from the biggest two-day slump since 2008, on renewed concern that a U.S. government probe of imports from Brazil will tighten supplies.
The Food and Drug Administration said it will detain all imports that contain carbendazim, a fungicide that isn’t approved for oranges in the U.S. Yesterday, the U.S. Department of Agriculture trimmed its crop forecast for Florida, the world’s largest grower after Brazil, by 2 percent. The estimate didn’t include damage from frigid temperatures last week.
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Last Updated on Friday, 13 January 2012 06:23 |
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FDA Halts Orange Juice Imports to Test for Pesticide |
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Written by Stephanie Armour of Bloomberg.com
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Wednesday, 11 January 2012 13:16 |
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U.S. regulators have halted shipments of imported orange juice from all countries, and plan to destroy or ban products if tests find even low levels from a prohibited fungicide. Initial test results are due this week.
The fungicide, linked in studies to increased risk of liver tumors in animals, was found in trace amounts last month in orange juice products from Brazil, which produces about 41 percent of U.S. imports, according to census data. While the chemical, carpendazim, is used in crops in many countries, it isn’t approved for use in the U.S. on oranges.
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Last Updated on Thursday, 12 January 2012 13:56 |
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Orange Juice Futures Surge to Record on Fungicide Fears |
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Written by Josephine Mason and Rene Pastor of Reuters
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Tuesday, 10 January 2012 14:59 |
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NEW YORK (Reuters) - U.S. orange juice futures surged almost 11 percent to an all-time high on Tuesday, as reports that discovery of small doses of an unapproved fungicide in Brazil could crimp juice imports from that country added fuel to a rally sparked by a brief freeze last week in Florida.
The benchmark March frozen concentrated orange juice contract on the ICE Futures U.S. exchange, one of the smallest futures markets featured in the 1980s movie Trading Places, jumped the 20-cents daily limit to $2.0775 at 9:46 a.m. EST, taking two-day gains to nearly 17 percent.
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Last Updated on Thursday, 12 January 2012 14:00 |
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Orange Juice Soars Most Since 2006 on Cold: Commodities at Close |
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Written by Claudia Carpenter of Bloomberg.com
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Tuesday, 10 January 2012 12:53 |
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SOFT COMMODITIES
Orange-juice futures rose the most in five years on speculation that Florida’s orange crop, the world’s second biggest, sustained more damage than originally estimated last week from frigid weather.
Orange juice for March delivery jumped the 20-cent exchange limit, or 11 percent, to $2.0775 a pound on ICE Futures U.S. in New York, the highest price since March 2007. A close at that level would be the biggest gain since October 2006 and leave the commodity up 23 percent for the month of January.
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Last Updated on Thursday, 12 January 2012 10:52 |
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Orange Juice Rallies on Florida Frost Damage |
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Written by Joe Richter of Bloomberg.com
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Wednesday, 04 January 2012 10:57 |
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Orange-juice futures jumped to a five-month high in New York after frigid weather damaged citrus crops in Florida, the world’s second-biggest grower.
Temperatures in about 75 percent of the state’s citrus- growing region were cold enough for frost, with a hard freeze in about 25 percent of the area, forecaster MDA EarthSat Weather said today in a report. Damage isn’t expected to be significant or widespread, Don Keeney, a senior agricultural meteorologist at EarthSat, said in the report.
“There’s definitely going to be some damage to the crop,” Michael Smith, the president of T&K Futures and Options in Port St. Lucie, Florida, said in a telephone interview. The frost probably will mean lower yields in the U.S. Department of Agriculture’s February crop report, he said.
Orange juice (JO1) for March delivery rose 2.3 percent to $1.771 a pound at 9:40 a.m. on ICE Futures U.S. in New York, after gaining as much as 5 percent to $1.817, the highest for a most- active contract since Aug. 5. Prices have rallied 8.7 percent in the past two weeks.
Conditions are expected to moderate quickly after today, and freeze threats will ease as milder weather returns, according to Gaithersburg, Maryland-based MDA EarthSat.
Brazil is the world’s top orange grower. |
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Last Updated on Wednesday, 04 January 2012 03:59 |
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Commodities 
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