Australia's Select Harvests slumps after trimming production outlook

Select Harvests

23/04/2024 01:53

** Shares of Select Harvests Ltd  SHV.AX  fall as much as
10.5% to A$3.660, their biggest intraday pct fall since Nov 28
    ** Stock hits lowest level since Feb 13
    ** The almond food company says 2024 crop expected to be in
the range of 28,500 metric tons (MT) to 30,000 MT, below the
original forecast of 30,000 MT
    ** Co forecasts total 2024 crop production costs to be lower
than last year
    ** Weather conditions across 2024 harvest period have been
considerably better than in recent years - Select Harvests  
    ** More than 249,949 shares change hands, vs the 30-day
average volume of 199,369 shares
    ** Stock has risen 41.03% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))