Orange juice continues to be top asset in global financial markets

Eggs are soaring.

Butter is surging

Margarine is climbing.

Nearly every food item listed in the consumer price index (CPI) is higher than a year ago, with many of them rising month-over-month.

But here is one food product that continues to be one of the best assets in the global financial markets: orange juice.

Over the last 12 months, orange juice futures have spiked 80% to $2.53 per pound on the U.S. ICE Futures exchange, driven by falling supplies and solid global demand.

Here is a look at how much the price of orange juice has gone up since the early days of the coronavirus pandemic: