Less Tropicana O.J. For Your Buck

Icicles cling to oranges Wednesday, Jan. 6, 2010, in Lakeland, Fla. Farmers spray their crops to help protect them against the cold temperatures. Temperatures in the area dipped into the mid-20's, and farmers are working to salvage millions of dollars' worth of strawberries and other crops. (AP Photo/Chris O'Meara)
AP Photo/Chris O'Meara
PepsiCo says it's raising prices on its popular Tropicana orange juice because of the deep freeze that hurt much of Florida's citrus crop.

The company is shrinking its most popular size by about 8 percent - while maintaining its price - and raising prices on another size starting in May.

The 64-ounce container of orange juice will shrink to 59 ounces. The suggested retail price remains $3.59.

The price of Tropicana's gallon container of pure premium orange juice will rise between 5 percent and 8 percent. Right now it costs $6.49.

Citrus growers in Florida - the nation's top orange producer - lost more than 4 percent of their orange crop because of freezing weather in January.