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Effects of Hurricanes on Florida Citrus Analysis.

Publication: Finance Wire

Publication Date: 19-OCT-05
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COPYRIGHT 2005 Voxant Inc.

Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW

MARIA BARTIROMO, CNBC ANCHOR: Meanwhile, the hurricane`s effect orange juice futures rallied to their highest level in nearly six years today. There are worries that Wilma may devastate crops in Florida. Andy LaVigne is with us. He`s CEO of Florida Citrus Mutual. He joins us as well as -- that is a trade association aimed to help Florida citrus growers -- an independent orange juice trader, Roger Corrado also with us.

Gentlemen, nice to have you with us.

ANDY LAVIGNE, CEO, FLORIDA CITRUS MUTUAL: Good afternoon.

BARTIROMO: Mr. LaVigne, we`re talking about an area of Florida accounting for about 80 percent of U.S. citrus production. What are you expecting the impact from Wilma to be?

LAVIGNE: Well, we`re really concerned at this time. Obviously, last year, getting hit by three hurricanes through the citrus producing region of the state really devastated us last year. And we`ve been holding our breath all season this...

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