Curated News
By: NewsRamp Editorial Staff
April 09, 2024
New Industrial Plant to Boost Orange Production in Paraguay
TLDR
- Investors have found ideal conditions for producing and selling citrus products at record prices in Paraguay.
- The company is building the largest citrus products factory in Paraguay, expected to be completed by August this year.
- The company's involvement in agricultural projects in Paraguay is contributing to the rise in national orange production, making tomorrow better than today.
- The world's largest orange producers have been struggling with declining harvests, leading to ever higher prices for juice concentrate.
Impact - Why it Matters
The news is important because it highlights the potential for significant growth in the orange production industry in Paraguay, which could lead to increased job opportunities and economic development in the region. Additionally, the rising prices of juice concentrate in the global market could impact consumers as well, potentially leading to higher prices for citrus products.
Summary
A new industrial plant is being built in Paraguay to produce orange juice concentrate, orange oil, and other citrus products. The company, founded by Carsten Pfau, has seen a significant rise in share value due to the soaring prices of juice concentrate in the global market. The world's largest orange producers have been struggling with declining harvests, but Paraguay offers ideal conditions for orange production, making it an attractive location for investors.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, New Industrial Plant to Boost Orange Production in Paraguay
