
Frozen concentrated orange juice (FCOJ) prices are poised to close out the month of April at the lowest level in over four years. The FCOJ market has seen a dramatic decline in prices over the past 20 months. After reaching a record high of $5.89 a pound, basis nearby futures, in September 2024, nearby FCOJ prices (OJK26) are presently trading around $1.47 a pound.