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Saturday, May 18, 2024

Bideflation Ruins Breakfast as OJ and Eggs Hit Record Highs

Orange juice prices hit record highs in January at $10 a gallon for 100% juice and $6.27 a gallon for juice from concentrate...

(Joshua Paladino, Headline USA) As President Joe Biden spends without limit on foreign wars and hopeless green energy projects, regular Americans have had more difficulty putting a nutritious breakfast on the table with each passing month.

Orange juice prices hit record highs in January at $10 a gallon for 100% juice and $6.27 a gallon for juice from concentrate, The Guardian reported. Futures on whole oranges—which investors use to predict long-term price changes—have almost doubled from $1.40 per pound to $2.60 per pound.

The jump causes the price of orange juice in stores to rise because investors believe that oranges will remain in short supply.

Meanwhile, egg prices jumped 60% last year, with shoppers routinely paying $4 or more for a dozen factory-raised eggs and $6 or more for organic eggs, CNBC reported.

Large, Grade A eggs, which most shoppers buy, increased in price from $1.79 a dozen in December 2021 to $4.25 a dozen a year later—a 138% spike.

One TikTok user showed that a bottle of Simply Orange juice cost $6.48.

In addition to the Biden administration’s reckless spending and failure to guard the supply chain, orange growers have faced some difficulties. Hurricane Ian devastated citrus growers, and a disease affecting citrus plants has been an ongoing issue.

That storm, according to one estimate, cost citrus growers almost a quarter billion dollars and hit Florida’s overall agricultural sector for more than $1 billion.

In the 1990s, Florida produced 200 million 90lb boxes of oranges every year. Last year, Florida produced only 41 million boxes, and the US Agriculture Department expects that number to fall to 16 million boxes in 2023.

“While the current crop size is a real disappointment, we’re not giving up,” said Matt Joyner, CEO of Florida Citrus Mutual, a trade association, on Wednesday.

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