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ORLANDO, Fla. (AP) - PepsiCo Inc. said Tuesday it will boost prices on Tropicana and Dole orange juice by 4 percent to 8 percent at the start of 2007, further fallout from what's expected to be the worst Florida citrus crop in more than a decade.
The company also said it would trim the size and frequency of discounts offered to consumers. Combined with price increases announced in September, the changes effective Jan. 1 amount to a 20 percent increase for Tropicana and Dole over OJ prices that had already been on the rise.
Tropicana is the largest buyer of oranges from Florida, which is by far the largest domestic producer. The state is second only to the country of Brazil in world orange production.
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