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Article: California Freeze May Firm Weak US D-limonene Market.(Supply of oranges, lemons and their oils reduced)
- Article from:
- Chemical Market Reporter
- Article date:
- January 11, 1999
- Author:
CopyrightCOPYRIGHT 1999 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE DEEP FREEZE that fell over California's San Joaquin Valley for four consecutive nights during the final week of 1998 has devastated the region's entire lemon crop and damaged large sections of its orange groves. Losses are conservatively estimated at $591 million, and Gov Pete Wilson has officially declared a state of emergency in the four counties that were hardest hit.
California produces nearly 80 percent of the nation's fresh oranges, the kind eaten rather than juiced Orange oil, a byproduct of the juice market, is dominated by Florida and Brazil However, the disaster may have a considerable effect on the markets for orange oil, D-limonene and lemon oil.