MRG is doing an online sale on social media for wholesalers - 20% off for muscat clusters and 205 off for the value added organic almond blanched flour...
So let me get this right. They had a much lower crop this year, had to downgraded their product that went off on storage and now whatever is left they are discounting?
It's either a sign that their product quality is bad - goodbye OCF... - and their customers are not accepting it or a sign that despite the production declines in Oz for the previous crop, the market is flooded with organic sultanas and derivatives.. I thought that another bad season was the main risk.. i was wrong.. everything here looks risky..
MRG Price at posting:
41.5¢ Sentiment: Sell Disclosure: Not Held