The price of orange juice futures contracts hit a 34-year high on Tuesday after the main US food safety regulator said it would block imports containing a fungicide commonly used in Brazil, the leading producer of the citrus fruit, the FT reports.

Discover why the FDA is stopping shipments of Brazilian orange juice at the border.

By Hibah Yousuf @CNNMoneyMarkets January 11, 2012: 6:50 PM ET The FDA is testing shipments of imported orange juice from all over the world for traces of fungicide. NEW YORK (CNNMoney) — The US Food and Drug Administration says it has halted shipments

Health regulators are testing all incoming shipments of oranges for traces of an illegal fungicide called carbendazim.

11 (Bloomberg) — Orange juice tumbled from a four- year high, capping the biggest drop in two years, after ICE Futures US boosted the amount of cash that traders must deposit for speculative positions by 95 percent. Prices soared 17 percent in the