In a world that often seems to have gone bananas, it's the humble orange that’s now taking the commodities market by storm. Orange juice futures are climbing the commodity market tree at a rate that has traders and consumers alike raising their eyebrows—and their glasses. The chart below looks at the price history of orange juice from 1971-2023. Back in 2016, the previous all-time high for frozen concentrate orange juice futures stood at 227.50. Just a few days ago, it peaked at 417! 83% higher than the previous all-time high!
