Australia's Select Harvests hits more than 8-month high on upbeat outlook
08/09/2026 02:08
BUZZ-Australia's Select Harvests hits more than 8-month high on upbeat outlook ** Shares of Select Harvests SHV.AX rise as much as 5.7% to A$5.18, their highest level since December 23, 2025
** Almond food company forecasts 2026 crop size of 28,800 MT–29,600 MT, up 16% to 19% compared to pcp
** Flags an increase in one-off operational costs of A$7 million ($5.05 million) in the second half due to impact of wet weather on harvest and drying operations, others
** However, this was offset by continued strength in almond price
** About 724,000 shares change hands, 1.2 times the 30-day avg
($1 = 1.3856 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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