California freeze raises U.S. citrus prices

“A record-breaking California freeze, which began in January and may have ruined or damaged as much as three-quarters of the state’s citrus crop, has sent U.S. prices up and quality down, especially for navel oranges and lemons. California agriculture officials say farmers have lost $1.2 billion in crops so far, and predict that the figure could go higher. Navel oranges account for the biggest financial loss, about $465 million.”