date:Dec 13, 2012
The US government has slashed the Florida orange crop forecast for the 2012/2013 season.
The crop prediction has been reduced by 8 million boxes or 5% of the original estimate. This means that now, 146 million boxes of fruit are anticipated.
This has come as a shock for some, who were expecting the reduction to be in the region of 2 to 4 million boxes.
The USDA makes its first estimate in October of each year and revises it monthly as the crop takes shape until the end of the season in July