Wake up and good morning. And while you're at it, have an extra swig of orange juice. Just to be safe(r) against the colds and flu.
Florida's orange juice industry is pounding the message that OJ can help your immune system ... which, by the way, might keep swine flu away. Check out the ad here at the Florida Department of Citrus that has the reassuring voice of Tom Selleck cooing: "Once a day, you can support your immune system."
Yes, it seems OJ is a big beneficiary of the public's belief that drinking more juice might help fend off the spread of H1N1 flu. Analysts say retail orange-juice sales have climbed for the past six months on increased demand from the threat of flu, the approaching winter season and lower retail prices, the Wall Street Journal reports. Here's the story.
And quoted in that story is James Cordier (see photo), analyst and founder of Optionsellers.com (part of Liberty Trading Group) in Tampa. We know Cordier best as a commentator on oil prices but at some level OJ and oil are both commodities and that's what Cordier watches. The St. Petersburg Times profiled him three years ago.
As Cordier is quoted in today's WSJ story:
"I bet that 30% to 40% of the increase in sales that we've seen in orange juice can be attributed to health concerns."
That's just what the doctor ordered for Florida's orange juice crop which is expected to be 16 percent smaller than last year and have lower average prices at the grocery store. The Agriculture Department projects Florida's 2009-10 orange crop at a smaller-than-expected 136 million, 90-pound boxes.
So if a little flu fear can boost sales, so be it.
-- Robert Trigaux, Times Business Columnist


Wake up! Grab your coffee and start a new daily habit of checking the
Venture blog. Just as your workday begins, business columnist Robert
Trigaux dishes his take on the latest news and views relevant to Tampa
Bay. Throughout the business day, Trigaux and his fellow journalists
bring you events, people, deals, triumphs and failures across the
Tampa Bay economy. It's an inside look at a most elusive species: our
business movers and shakers.
Robert Trigaux has worked as a St. Petersburg Times business columnist,
editor and reporter since 1991. He has covered business issues since the
late 1970s in Florida, Washington, D.C., London and New York. His
Recent Comments