Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 11, 2013 14:16:28

Orange concentrate appreciated most over the last 14 months



ColosseumThe largest price increase over the last 14 months recorded in the last trading session last week, the most active futures contract for orange concentrate on the exchange ICE Futures U.S. was a response to Friday WASD report in which the USDA reduced its estimate for this year's crop region of America Florida which after Brazil's second largest citrus grower in the world. According to the USDA to reach this year's production of oranges in Florida, 139 million boxes, a decrease of 2 million compared to the January estimate, while 5.6 million compared to last year's production. Futures on orange concentrate with the May delivery date strengthened during the last trading session last week by 6.9% to the closing price of 133.15 cents per pound weight. It was the biggest intra-day price increase most active futures contract from 10 January 2012.

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