
News Link • Economy - Economics USA
First Eggs, Now Orange Prices Crash Most In Half Century
• Zero HedgePrices for some of the most common breakfast staples have fallen over the past month. While attention has primarily focused on President Trump's countermeasures — which have helped arrest the rise in egg prices and send them tumbling in recent weeks — orange juice prices are now on track to post their sharpest quarterly decline in over 50 years.
Bloomberg data shows that if losses of 45% persist through the end of the month, the first quarter would mark the largest quarterly decline since the second quarter of 1967.
Prices have been halved from $5 a pound in mid-December to around $2.50.
As we previously mentioned in December, prices hovered over $5 on production figures in Florida, sliding to 1930 levels. There are shifting consumer behavior trends of falling demand for the sugary citrus drink usually paired with eggs and bacon.