Orange Prices On The Rise
St. LOUIS, Mo. (KMOX) – George Simon has been selling oranges at Soulard market for more than 40 years. He says he knows the prices are rising and says there are two reasons. First, oranges in Florida are frozen, so that puts the burden of supply on California. The second reason is that Brazil, the largest supplier of orange juice to the US, has been using a potentially harmful pesticide on its oranges, so all incoming orange juice must be tested before it hits shelves.
Another problem, federal regulators are dealing with low levels of fungicide in some bands of orange juice. The warning prompted juice prices to rise, and it increased government testing for the residue. The Food and Drug Administration and the Environmental Protection Agency have said orange juice is safe to drink.
Simon says his prices haven’t spiked yet, but knows they will with each new batch he buys. He says he sees things like this all the time, and they eventually work themselves out. Most of his oranges were grown in California.
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