date:Dec 20, 2012
y 5.2 percent.
Dry weather is causing fruit to spoil as it drops from trees at the highest rate in 43 years, the USDA said, citing data for non-Valencia oranges, which include early, mid-season, and navel varieties. Prices rose 12 percent in seven sessions, the longest rally in three months, signaling higher costs for PepsiCo Inc. (PEP)s Tropicana juices and Coca-Cola Co.s Minute Maid.
The drier outlook over the next two weeks may be enough to hold the market up, Sterling Smith, a market speci