Business, Finance & Economics  Why Orange Juice Prices Are Going
Up   Orange juice (Photo by Risager, via Flickr)  The price of
orange juice on the global markets has hit a record high, after
surging over the past few days.  Player utilities  There are two
major orange producing countries: Brazil and the United States.
Both are involved in the current price spike.  Last week,
Florida experienced prolonged temperatures below freezing,
enough to cause some crop damage and to give traders the
jitters.  Florida produces most of the oranges in the US, and
the US produces about 15 percent of the world's supply. But with
33 percent it's Brazil that's the biggest orange-grower, said
Michael Smith of T&K Futures and Options in Florida.  "So when
you take a problem with either or you're talking about half of
the global production," he said.  The US Food and Drug
Administration has found a fungicide not approved over here in
shipments of orange juice concentrate coming from Brazil.
Producers over there use the fungicid