Discuss the implications of the current orange juice prices on consumer behavior.
Why Your Next Glass of Orange Juice Will Cost You More
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Business
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University
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Hard
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The video discusses the recent rise in orange juice futures, marking the longest rally in 16 months. The price increase is attributed to weather conditions affecting citrus production in Brazil and the USA. Brazil faces drought, while the USA experiences colder temperatures. These factors, combined with last season's low production due to a citrus disease, have led to concerns about supply. The video also highlights the rebound of OJ futures in New York and potential future price increases.
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2 questions
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OPEN ENDED QUESTION
3 mins • 1 pt
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2.
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What are the expected price trends for orange juice futures in the coming months?
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