Industry Analyst: This summer is expected to be particularly hot and dry in the major orange-growing regions of Florida, the state accounting for the largest share of orange production in the United States
While hot and dry weather usually leads to a substantial drop in the yield of oranges, my projections indicate that the revenues of Florida orange producers will not be substantially affected by these unfavorable conditions
The decline in the supply of oranges caused by the unfavorable weather will result in a substantial increase in their market price.