Your Next Glass of Orange Juice Just Got More Expensive
When you have a major Gulf Coast hurricane, the price of gas goes up.
When you have a major South Florida hurricane, the price of oranges goes up.
This may not be an immediate impact on your wallet, and it’s certainly not at the forefront of the minds of us South Floridians seeking safety and water. But it is one of the many impacts a hurricane has on the markets.
With Florida being the world’s second-largest orange juice producer, after only Brazil, a major supply disruption like a Category 4 hurricane can be devastating to the crop, which is already declining due to citrus greening — a disease that impacts growing the fruit.
That’s why over the past seven days, orange juice prices have jumped nearly 10%, with higher prices expected.
Orange juice is just one of the many impacts a major hurricane has on the markets … and your wallet.
If you want to learn about how to profit from some of these market-moving events, tune back in on Monday for my Winning Investor Daily article, where I’ll give you the easiest way to profit after a major hurricane makes landfall.
Chad Shoop, CMT
Editor, Automatic Profits Alert