Orange-juice futures may go up in next several months because of the crop disease in Florida, the second-largest producer in the world. Cold weather in the state and increasing global demand also cause the price to rise. January delivery for orange juice went up 1.7 percent to $1.174 yesterday on ICE Futures U.S. in New York.
Sugar futures slid to the two-week low on speculation that the highest prices in 28 years are curbing demand for the sweetener. The inability of prices to rise above $0.245 signals that major consuming countries including India, the largest user in the world, are cutting purchases. March futures for raw-sugar delivery slid $0.0072 (3.2 percent) to $0.2193 per pound on ICE.
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