News: CGC Costa Group Says Pricing From Major Markets For Costa Citrus Expected To Be Favorable For...

May 25 (Reuters) - Costa Group Holdings Ltd (CGC) :

• CHALLENGING WEATHER IMPACT FROM 3 CONSECUTIVE LA NINA EVENTS NOW BEHIND GOING FORWARD, WITH LA NINA EXHAUSTED IN AUSTRALIA BY MARCH-END
• RETURN TO WARMER TEMPERATURES, HIGHER LIGHT LEVELS AND LOWER RAINFALL ACROSS MAJOR GROWING REGIONS IS POSITIVE FOR FARMING OPERATIONS
• INCREASED INPUT COST PRESSURES OF 2021-22 SLOWLY EASING
• SEES WITH VERY STRONG PROFIT RESULTS FROM BOTH CHINA AND MOROCCO OPERATIONS IN 2023
• EARLY OUTLOOK FOR 2PH IS VERY POSITIVE RELATIVE TO PRIOR YEAR AND REMAINS IN LINE WITH EXPECTATIONS
• EXPORT MARKET DEMAND AND PRICING FROM MAJOR MARKETS FOR COSTA CITRUS IS EXPECTED TO BE FAVOURABLE FOR THIS SEASON
• CURRENT NEUTRAL WEATHER CONDITIONS EXPECTED TO DEVELOP INTO AN EL NINO ENVIRONMENT LATER IN YEAR WHICH IS FAVOURABLE DEVELOPMENT