Ann: Harvest Update and Revised Earnings Guidance, page-81

With regard to the reported yields - a couple of calls to the other main dried fruit players confirm that these guys are either not close enough to the ground,in denial or what I have suspected all along, good storytellers. There are reportably many properties reporting double the sultana yield that MRO are saying is industry average. Whats next? Those stock levels/values and future cash flows look a worry. What a shame for Ag investment as this is not a weather relates issue IMO - it is about very poor management at both Corporate and Supply (growing) levels.