BARTOW, Fla. (AP) -- The Florida Citrus Commission will study the impacts of China's growing citrus industry.
The three-year, $174,941 study looks at how China will affect the world's orange juice and fresh citrus markets.
Researchers at the University of Florida will examine all aspects of Chinese citrus from horticulture to economics to determine if or when the country will become the third major player on the global market.
Florida's juice processors annually buy 95 percent of the state's orange crop. Brazil accounts for nearly 55 percent of the world's annual orange juice production, while Florida produces about 30 percent, mostly sold in the U.S.
Any changes in the global juice market could negatively affect the profitability of Florida citrus.
Information from: The Ledger, http://www.theledger.com
Copyright 2011 The AP.