Brief: Select Harvests Says Inclement Weather Has Delayed 2022 Harvest

Select Harvests

02/05/2022 11:23

May 2 (Reuters) - Select Harvests Ltd  SHV.AX :
    * SELECT HARVESTS LIMITED CROP AND MARKET UPDATE
    * INCLEMENT WEATHER HAS DELAYED 2022 HARVEST
    * 2022 HARVEST COMPLETION FORECASTED TO BE WITHIN NEXT 4 TO
6
WEEKS
    * ONGOING WET WEATHER CONDITIONS HAVE HAMPERED COMPLETION OF
HARVEST AND IT IS NOT LIKELY TO CONCLUDE UNTIL EARLY TO MID-JUNE
2022
    * 2022 INSHELL PRODUCTION IS LIKELY TO BE 30% LOWER THAN
THAT
PRODUCED FROM 2021 CROP
    * NOT ANTICIPATING ANY VOLUME IMPACT FROM RAIN AND MAINTAIN
ORIGINAL FORECAST
    * OUTLOOK FOR FERTILISER AND AGRI-CHEMICAL COSTS IS NEGATIVE
    * GROWING COSTS ARE FORECASTED TO BE LOWER YEAR ON YEAR
    * OPERATIONAL AND PROCESSING COSTS WILL BE SLIGHTLY HIGHER
FOR
YEAR

Source text for Eikon:  ID:nASX5qLZb 
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 ((Reuters.Briefs@thomsonreuters.com;))