Friday, August 3, 2007

Orange Juice Rebounds on Forecast for `Active' Storm Season Near Florida

(Bloomberg) -- Orange juice rebounded to a seven-
week high after Colorado State University forecasters said the
tropical-storm period will be ``active,'' signaling a threat for
Florida citrus groves.

Conditions still favor an ``active season,'' scientists
Philip Klotzbach and William Gray said. Still, they cut the
number of major hurricanes expected in the Atlantic Ocean
through Nov. 30 to four from five projected in May. Florida is
the biggest orange producer behind Brazil.


Read more at Bloomberg Commodities News

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