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President Joe Biden ponders his tumbling poll numbers. / PHOTO: AP Orange juice prices hit record highs in January at $10 a gallon for 100% juice and $6.27 a gallon for juice from concentrate, The Guardian reported . Futures on whole oranges—which investors use to predict long-term price changes—have almost doubled from $1.40 per pound to $2.60 per pound.
The jump causes the price of orange juice in stores to rise because investors believe that oranges will remain in short supply.
Meanwhile, egg prices jumped 60% last year, with shoppers routinely paying $4 or more for a dozen factory-raised eggs and $6 or more for organic eggs, CNBC reported .
Large, Grade A eggs, which most shoppers buy, increased in price from $1.79 a dozen in December 2021 to $4.25 a dozen a year later—a 138% spike.One TikTok user showed that a bottle of Simply Orange juice cost $6.48.In addition to the […]
Read the rest of this story here: headlineusa.com
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