Orange Juice
Orange Juice Meaning:
In commodity market terminology, Orange Juice refers to Frozen Concentrated Orange Juice that comes from the fruit of the Orange tree. Most Orange Juice which is sold throughout the world is pasteurized Orange Juice reconstituted from a dehydrated juice concentrate.
In commodity market terminology, Orange Juice refers to Frozen Concentrated Orange Juice that comes from the fruit of the Orange tree. Most Orange Juice which is sold throughout the world is pasteurized Orange Juice reconstituted from a dehydrated juice concentrate.
Frozen Concentrated Orange Juice or FCOJ futures are traded on the Intercontinental Exchange or ICE, as well as on the Chicago Mercantile Exchange and the Brazilian Mercantile and Futures Exchange. The ICE contract, which is the most actively-traded, is for 15,000 pounds of orange juice solids. Prices are quoted in U.S. Dollars with a minimum price fluctuation of 5/100ths of a cent or $7.50 per contract. The symbol for Frozen Concentrated Orange Juice is OJ.