The £5.30 orange juice that tells the story of why supermarket prices are sky high
Summary
Orange juice prices in the UK have drastically increased, rising from 76p per litre in 2020 to £1.79 in 2023. Factors affecting this price surge include crop diseases, extreme weather, and global economic challenges. The situation reflects wider grocery inflation trends impacting supermarket prices.Key Facts
- Orange juice prices in UK supermarkets rose 134% from 2020 to 2023.
- A glass of orange juice in some cafes can cost up to £9, partly due to freshly squeezed juice.
- Manufacturers are using mandarins instead of oranges to cut costs.
- Crop diseases and extreme weather have affected orange production in Brazil.
- Brazil faced its worst orange crop since 1988 due to drought and disease.
- Inflation in grocery prices was 17.5% in 2023, but decreased to about 5.7% in August before rising again.
- The current situation with orange juice prices mirrors a broader trend of increasing grocery costs.
- Orange juice consumption remains significant, with 2.5 billion gallons consumed annually worldwide.
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