In the commodity futures market, orange juice prices have reached their highest level in about five months. This surge comes as U.S. orange production declines and President Donald Trump imposes a 'tariff bomb' on Brazil, the world's largest orange producer.

On the 14th (local time), orange juice (FCOJ - frozen concentrated orange juice) futures for September closed at $3.1385 per pound, up 8.66% from the previous day. This is the highest price since February 20. Orange juice futures have surged 51.44% since the 2nd of this month. With President Trump setting a reciprocal tariff rate of 50% on Brazil, a significant increase in consumer prices for orange juice in the U.S. is expected. Craig Elliott, an analyst at agricultural market research firm Xpana, stated, "This tariff imposition comes at a time when there are already disruptions in orange supply."

[Reporter Jae-Won Jung]