3rd Nov 2011 09:00
3 November 2011
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
Winter Orange crop
Asian Citrus, the largest orange plantation owner and operator in China, announces that it has now concluded its negotiations on the pricing of its forthcoming winter crop and that it has achieved an average selling price increase for the Hepu Plantation and Xinfeng Plantation crops of approximately 3% and 4% year on year respectively.
The Group will supply a total of 169,500 tonnes of winter oranges in the second half of 2011 which includes recently signed supply agreements. This is an increase of approximately 18% in comparison to the actual production output of 143,698 tonnes in the same period last year.
The increases in the selling price and tonnes to be supplied are in line with management's expectations.
For further enquires:
Asian Citrus | |
Eric Sung, Finance Director | +852 2559 0323 |
Seymour Pierce Limited | |
Nandita Sahgal, Jonathan Wright (NOMAD) | 020 7101 8000 |
Leti McManus, Richard Redmayne, (Broking)
| |
Weber Shandwick Financial | 020 7067 0700 |
Nick Oborne, Stephanie Badjonat, John Moriarty |
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