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Select Harvests Advises on Impact of Coronavirus on Outlook

14 Feb 2020  |  13:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Impact of Coronavirus on Select Harvests Limiteds outlook

Select Harvests confirmed that there has been no material short-term impact on its financial performance from the Coronavirus outbreak. However, given the significant global uncertainty about the impact of the outbreak on supply chains and consumer demand, the company notes the following in relation to potential risks from the Coronavirus. The Company have commenced harvest and the marketing campaign for the 2019-20 crop. The Company expects a near-term softening in almond price and demand from the outbreak, the extent and duration of which will depend on when the virus can be contained and the China related supply chain and factories return to normal. China remains an important market, also continue to market domestically and to traditional markets - India, Middle East and Europe.

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