24th Mar 2014 08:42
LONDON (Alliance News) - Asian Citrus Holdings Ltd Monday said it has concluded talks over the pricing of its summer orange crop and prices are down by 1.0% to 1.3% on the year.
In a statement, the Chinese citrus fruit producer and juicer said it has so far signed supplier deals for 57,000 tonnes of summer oranges in the first half of 2014, slightly lower than then the 57,367 tonnes of output it achieved in the same period of 2013. It said production at its Hepu plantation was still being affected by the citrus canker infection it had reported last year.
"Based on the current information, the selling prices to supermarkets and wholesalers for summer orange crop are broadly flat, with a marginal decrease of approximately 1.0% and 1.3% respectively," the company said in its statement.
Asian Citrus Holdings shares were down 2% at 12.5 pence early Monday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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