Short
Craze in orange juice.
During COVID-19, we saw an increase in demand for orange juice/vitamin C as people strived to increase their immunity against COVID-19. For some households, this habit remained and orange juice became the go-to leisure juice.
This must have caused a squeeze on the existing supply as the demand caught orange farmers and juice producers by surprise. Can technicals come into play and put a pause on this wild price rally??
This must have caused a squeeze on the existing supply as the demand caught orange farmers and juice producers by surprise. Can technicals come into play and put a pause on this wild price rally??
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.