(Bloomberg) -- Orange-juice futures rose the most
in eight months as traders snapped up contracts that had dropped
below the prices juice producers are paying processors for
frozen concentrate.
Before this week, orange-juice futures had plunged
24 percent in six weeks, to less than the amount charged by
processors that buy oranges, squeeze them and freeze the juice.
A futures contract obligates the holder to buy or sell frozen
concentrate at a set price for delivery by a specific date.
Read more at Bloomberg Commodities News
in eight months as traders snapped up contracts that had dropped
below the prices juice producers are paying processors for
frozen concentrate.
Before this week, orange-juice futures had plunged
24 percent in six weeks, to less than the amount charged by
processors that buy oranges, squeeze them and freeze the juice.
A futures contract obligates the holder to buy or sell frozen
concentrate at a set price for delivery by a specific date.
Read more at Bloomberg Commodities News
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