Fresh Del Monte Produce: Up as profit surges on higher prices of bananas, melons

Del Monte

05/05/2021 15:36

** Shares of fresh produce supplier  FDP.N  rise 10.9% to a
one-year high of $32
    ** FDP says adjusted profit per share surges 159% to 88
cents in Q1, benefiting from higher prices of bananas, melons
and prepared foods, among other things  urn:newsml:reuters.com:*:nBwbh8492a
    ** FPD's net sales slip ~3% on weak demand from its
foodservice partners during the COVID-19 pandemic and the impact
of hurricanes Eta and Iota on fruit supply
    ** Shares are up 33% this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))