“We would anticipate an increase in prices since the decline in Florida production would surely lead to shortages amid higher consumer demand,” said Marisa Zansler, director of economic and market research at Florida’s Department of Citrus.
Key supplier Marelli is in talks with lenders on debt reorganization, report says
The supplier, previously owned by Fiat Chrysler Automobiles, carried at least $9.5 billion in total debt as of September, sources told Bloomberg. Marelli is the world’s 18th largest auto supplier.