date:Mar 03, 2014
and keeping U.S. exports low. But under a trade agreement that took effect two years ago, the tariff disappeared, leading to an explosion in U.S. business. Exports of frozen orange-juice concentrate to South Korea jumped from $11 million in 2011 to $30 million in 2012, according to the U.S. Department of Agriculture.
It was a promising expansion for the $9 billion Florida citrus industry, which grows the majority of oranges used in U.S. juice, including concentrate. The good times didn't last