Australia's Select Harvests hits near 10-year low on lacklustre forecast

Select Harvests

21/03/2023 24:33

** Shares of Select Harvests Ltd  SHV.AX  drop as much as
13.3% to A$3.600, hitting their lowest level since July 31, 2013
    ** The almond producer says 2023 crop is expected to be
lower than initially forecast
    ** Says currently forecasting net pricing for 2023 crop to
be between A$7.25/kg and A$7.70/kg
    ** Shares post their biggest intraday pct drop since June
29, 2022
    ** Volumes are 2.8x the 30-day average of 233,547 shares 
    ** Stock up 6.4% YTD, as of last close 
    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))