Friday, May 11, 2007

Florida Orange Crop Forecast Is Little Changed After Two Cuts, USDA Says

(Bloomberg) -- The U.S. government said Florida's orange crop, the second-biggest in the world, will be little changed from its month-ago estimate.

Florida will produce 130.6 million boxes of oranges this season, down from 130.7 million forecast in April, the U.S. Department of Agriculture said in a report. Six of seven analysts and traders in a Bloomberg survey expected the forecast to be unchanged. A crop of this size would be the smallest in 17 years.


Read more at Bloomberg Commodities News

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