Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 13, 2013 14:16:28

Orange concentrate its highest level since December 28 last year



ColosseumThe largest price increase for the past five months recorded in yesterday's trading session on the exchange ICE Futures U.S. The most active futures contract for orange concentrate. This was due to speculation that persistent drought which reduced yields of citrus in Florida, which is after Brazil's second largest producer of citrus in the world. U.S. Weather Forecast Commodity Group expects to the area this week only slight precipitation, but on February 16 should return again a drought should persist until the end of the current month. In its latest monthly report for February 8, tzv.Wasde report, the USDA reduced production estimate for U.S. oranges in Florida, and the third time in a row. Futures on orange concentrate with a delivery date in March strengthened in yesterday's trading session on the exchange ICE Futures U.S.by 5.4% to 127.95 cents a pound weight. During the day, the price rose to 128.30 cents, the highest since 28.prosince 2012th

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Pomerančový koncentrát nejvýše od 28.prosince loňského roku

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