Brief: Costa Group Says Pricing From Major Markets For Costa Citrus Expected To Be Favorable For Season

Costa group

25/05/2023 03:15

May 25 (Reuters) - Costa Group Holdings Ltd  CGC.AX :
    * CHALLENGING WEATHER IMPACT FROM 3 CONSECUTIVE LA NINA
EVENTS NOW
BEHIND GOING FORWARD, WITH LA NINA EXHAUSTED IN AUSTRALIA BY
MARCH-END
    * RETURN TO WARMER TEMPERATURES, HIGHER LIGHT LEVELS AND
LOWER
RAINFALL ACROSS MAJOR GROWING REGIONS IS POSITIVE FOR FARMING
OPERATIONS
    * INCREASED INPUT COST PRESSURES OF 2021-22 SLOWLY EASING
    * SEES WITH VERY STRONG PROFIT RESULTS FROM BOTH CHINA AND
MOROCCO
OPERATIONS IN 2023
    * EARLY OUTLOOK FOR 2PH IS VERY POSITIVE RELATIVE TO PRIOR
YEAR
AND REMAINS IN LINE WITH EXPECTATIONS
    * EXPORT MARKET DEMAND AND PRICING FROM MAJOR MARKETS FOR
COSTA
CITRUS IS EXPECTED TO BE FAVOURABLE FOR THIS SEASON
    * CURRENT NEUTRAL WEATHER CONDITIONS EXPECTED TO DEVELOP
INTO AN
EL NINO ENVIRONMENT LATER IN YEAR WHICH IS FAVOURABLE
DEVELOPMENT

Source text for Eikon:  ID:nASXbt01ct 
Further company coverage:  CGC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))