Could Orange Juice Become A Luxury?
It probably won’t be sold at Tiffany’s (NYSE: TIF) anytime soon, but orange and apple juice may soon become a luxury for many people, as opposed to being part of their daily breakfast routines.
Rising food inflation has hit every part of the world, and some analysts are speculating that orange juice prices could rise 80% this year.
(To see what will happen with a possible Borders bankruptcy, click here.)
Over the past year, the price of a one liter carton of Tropicana rose 22%, while apple juice rose 21% over the same time period.
Orange juice has been hit by colder than normal weather in Florida, while apple juice has been hit by cold weather in China. China is now one of the main apple producers in the world.
READ MORE http://blogs.forbes.com/benzingainsights/2011/02/02/could-orange-ju...
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