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Orange juice at 34-year high on fungicide fears

Orange juice at 34-year high on fungicide fears

11 January 2012 11:23 (UTC +04:00)

The benchmark March frozen concentrated orange juice contract on the ICE Futures U.S. exchange -- one of the smallest futures markets, which achieved fame in the 1980s movie Trading Places -- jumped the 20-cents daily limit to $2.0775 at 9:46 a.m. EST, taking two-day gains to nearly 17 percent.
The most-active March contract was already trading up between 3 and 4 cents at $2.10-2.12 per lb in synthetic options trade, said Bill Raffety, senior analyst for commodities futures brokerage Penson Futures in New York. A near doubling in ICE exchange margins announced after the close of trade could also spur more covering by traders who are short.

Agrarian Industry

Leyla Aliyeva visits Azeripek OJSC

Leyla Aliyeva visits Azeripek OJSC

Azerbaijan determines procedure for foreign individuals and legal entities to use its aquatic bioresources

Azerbaijan determines procedure for foreign individuals and legal entities to use its aquatic bioresources

New sales rules proposed for fisheries products in Azerbaijan

New sales rules proposed for fisheries products in Azerbaijan

Azerbaijan drafts new law to modernize fisheries sector

Azerbaijan drafts new law to modernize fisheries sector

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