Friday, June 13, 2008

Florida citrus under siege from greening disease

From Reuters:
Florida's multibillion dollar citrus industry is beleaguered by citrus greening or yellow dragon disease and is mounting an effort to formulate ways to eradicate the disease, a senior official said.

"It is clear to me that our industry's battle against huanglongbing (HLB) or citrus greening may be the most daunting challenge that has ever faced our industry," Michael Sparks, chief executive of top citrus growers group Florida Citrus Mutual, said in a speech on Thursday at its annual meeting in Florida.

A copy of the speech was made available Friday. Florida Citrus Mutual said its growers form part of a $9.3 billion industry which employs 76,000 workers.

He said all 32 Florida counties with commercial citrus production are infected with the disease, a bacteria with no known cure which kills the citrus plant in about two years....MORE

Here's Bespoke Investment Group's last 'Commodities Snapshot':