Australia's Select Harvests sees best day in more than 6 years on harvest forecast

Select Harvests

31/01/2024 01:08

** Shares of Select Harvests  SHV.AX  rise as much as 21.4%
to A$3.860, hitting their highest level since Nov. 27, 2023
    ** Stock currently up 16.4%, on track for best day since
Oct. 9, 2017 if gains hold
    ** Food processor says production costs well-controlled and
expected to be in line with or below 2023 crop cost
    ** Says current weather forecast for the harvest period
favourable and crop is forecast to exceed 30,000MT
    ** Adds 2024 crop harvest expected to commence next week,
which is two weeks earlier than normal
    ** Stock up 9.7% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))