Ann: Harvest Update and Revised Earnings Guidance, page-95

First 95 Last

Share
Profile

Follow
CaptainBarnacles

11,299 Posts.

734

24/05/17

11:33

Post #: 24879195
Share

Originally posted by 5crown ↑

As an independent dried fruit grower I have been following MRO's progress. I'd like to make a few comments on this years harvest.

It has been a very low yielding year for sultanas, a lot lower than most of us expected. Talk around the industry suggests yields are down at least 25% on last year. Many growers won't even deliver half of what they estimated, including some other big players with state of the art sultana production systems. Sultanas yields are notoriously fickle. It is also true that the crop was slow to mature this year, by at least 2 weeks, making drying and harvesting more challenging as the days get shorter and cooler in late summer/autumn. But, sultanas tend to bounce back after low yield years and next year will hopefully be a better story for us. Newer "sultana type" varieties such as sunmuscat and sunglo are proving to be more reliable, durable and higher yielding than the traditional sultana and many growers are changing over, including, I believe, MRO. Unfortunately there are some well established sectors of the industry who do not want MRO to succeed but they have introduced an extra level of competition to the industry which has been badly needed so I really hope they are here for a long time yet.

Expand

Many thanks 5Crown for your response.
Have to say I am glad they are growing those sunmuscat varieties, as they go down well with my daughter. We get them from Aldi's, so I strongly suspect they are actually MRG supplied.
Will buy some more at the supermarket before there is a shortage. lol

MRG Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 13 more messages in this thread...

First 95 Last

Add MRG (ASX) to my watchlist

Ann: Harvest Update and Revised Earnings Guidance, page-95

Top Stories

Trump is President Again: What Does This Mean for Crypto?

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Overland drilling proves promising for Australian Rare Earths' uranium hopes

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News