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Hurricane concerns

This article was originally published in Foodnews

FCOJ FUTURES have risen on speculation that hurricanes may damage Florida's orange crop. Orange juice for July delivery rose 2.3 cents, or 1.6%, to USD1.435 per pound solids on 28 May. The US National Oceanic and Atmospheric Administration (NOAA) has forecast an active year with 14-23 named storms for the season, which begins on 1 June. Eight to 14 of those will develop into hurricanes, said the NOAA.



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