Summer Crop Update (3165Z)
March 14 2012 - 4:30AM
UK Regulatory
TIDMACHL
RNS Number : 3165Z
Asian Citrus Holdings Ltd
14 March 2012
14 March 2012
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
Summer Crop Update
Asian Citrus announces that it has now concluded its
negotiations on the pricing of its forthcoming summer crop.
The Group expects to supply approximately 72,700 tonnes of
summer oranges in the first half of 2012, broadly in line with the
73,000 tonnes supplied in the first half of last year.
Unseasonably warm weather in 2011 resulted in an unusually
strong winter orange crop in China, consequently a short-term over
supply of winter oranges to the market and direct competition to
the Group's summer oranges. As a result, the Group's summer crop
selling price to supermarkets and wholesalers are approximately 1.2
and 1.9% lower respectively year on year. These pricing
arrangements do not have any material effect on the Board's
expectations for the Group's current year performance.
For further enquiries:
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Seymour Pierce Limited
Nandita Sahgal, Jonathan Wright, Tom Sheldon (NOMAD) 020 7107 8000
Richard Redmayne (Broking)
Weber Shandwick Financial
Nick Oborne, Stephanie Badjonat, John Moriarty 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGRGDXIXBBGDS
Asian Citrus (LSE:ACHL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Asian Citrus (LSE:ACHL)
Historical Stock Chart
From Jul 2023 to Jul 2024