Florida orange growers are in for a small windfall as prices for oranges have increased about 20 percent from October levels, the Lakeland Ledger reports.
The rise in orange prices stem from a reduction of 8 million boxes, according to the U.S. Department of Agriculture’s orange crop estimates, the paper also reported. The USDA reduced Florida’s orange crop projections from 154 million boxes to 146 million boxes since its initial October 11th estimate.
The Department cited smaller fruit size and increased rates of premature fruit drop as the primary factors for the reduction.
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