NEW YORK (Reuters) - Orange juice futures rose almost 3 percent on Friday after the U.S. Food and Drug Administration said juice shipments from Brazil and Canada had tested positive for a fungicide that is prohibited in the United States. Such a finding in Brazil juice has traders worried FDA may ban imports from there. Brazil supplies about 10 percent of U.S. orange juice. The key March frozen concentrated orange juice contract climbed 7.00 cents, up by 3.3 percent, to trade at $2.136 per lb at 12:05 p.m. EST (1705 GMT), just under the session top of $2.1365. The FDA said 11 samples of imported orange juice had tested positive for the fungicide carbendazim. Five of the samples were from...Do you like this? |
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Source: http://article.wn.com/view/2012/01/27/NY_juice_jumps_as_fungicide_found_in_Brazil_juice_u/
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