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Why is the Select Harvest share price going nuts? Investors have been bidding the Select Harvests share price higher today following the release of a market ...

Market demand is beginning to build, and the Select Harvests’ team continues to focus on the basics: cost, quality, volume and price realization. The Select Harvests’ team have had to manage some difficult market and operational challenges over the last eighteen months. The company notes that harvest climatic conditions in California (and also in Spain) have been extremely hot. Approximately 72% of the 2022 crop is committed with a forecast fair value sales price of $6.75/kg. This compares favourably to its previously advised fair valuation sales price of $6.64/kg. This is a touch below its previous estimate due to wetter than normal harvest conditions, which have resulted in lower volume, reduced inshell, plus additional drying and operational costs.