Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 18, 2013 11:41:28

Orange concentrate on Friday weakened

ColosseumFutures contracts on orange concentrates are a commodity that is in the past week has seen some of the largest ever increase in the price. From Monday to Thursday the price is still rising. Only on Friday, a certain correction. Rising was towed current drought in Florida with the fact that even in the near term future did not look for more improvement. Citrus crops in Florida once again, as it has become customary in recent weeks, there is more damage. Florida is just around Brazil's second most important area of ??focus for growing citrus fruits. 8th February published an important report describing U.S. government estimates of production of agricultural commodities, called WASD. And just last WASD report was the third time in a row reduced production estimate oranges in Florida. On Friday, the stock exchange ICE Futures U.S.closed March orange concentrate on price 125.85 cents per pound weight.

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