CGC 0.00% $3.19 costa group holdings limited

CGC, page-4

  1. 4,306 Posts.
    Approx 23% of Transacted sales are citrus. Assume the same % applies to actual sales ($809m) then approx citrus sales are $186m.

    I note they are very bullish on citrus. From this years announcement:

    Strong performance for the year with a positive combination of yield, price and quality
    • The 2016 season crop was light but the navel orange sizing was at optimal count size, and mandarin values were strong. The 2017 calendar season crop is expected to be a record 100,000+ tonnes
    • Continued enhancement of Costa’s market leading positions in Japan, USA and NZ. Costa share of Aust. navel exports now approx 47% into Japan and 40% into the USA
    • $3.3m upgrade to the Murtho (navel orange) packhouse completed in June 17, with expected labour and productivity savings over the coming season.

    I had not given much thought to Hurricane Irma but I guess it can only reduce supply and increase prices in the USA - so all good I guess (he says from the safety of the other side of the world).
 
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