Investor Presentaiton
Produce Segment - CY21 Trees and Vines
Citrus
O Early and mid season citrus performance was positive, however the
later season proved more challenging, with a cooler growing season for
these varieties resulting in heavy fruit set, smaller fruit size and quality
issues.
2PH (QLD) season was in line with expectations, including successful
transition with export customers and demand for premium fruit. (Refer
next slide for more detailed update).
2H saw COVID-19 related supply challenges, including shipping delays
and reduced vessel and container availability. Combined with quality
issues this saw export pricing below expectations. Domestic pricing
was also impacted.
Riverland fruit fly restrictions have been extended to 06 May '22. The
extensions cover all Costa farms except Solora (SA) and Impi (Vic).
As previously reported new year '21 hailstorm at Colignan (Sunraysia)
farm significantly impacted grape performance.
Mundubbera (QLD) table grape season was completed ahead of
schedule, volumes were positive to forecast and pricing was favourable.
CY21 Results
Presentation
Driscoll's Klady fingers
African Blue
Monoon's nest hiebesies
Only the Finest Berries
О
Avocado
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•
As previously foreshadowed, low pricing continued across the 2H,
with higher industry volumes from Western Australia (circa 5.7m trays
higher than pcp), resulting in low retail pricing.
CY22 industry volumes forecast to be lower versus CY21.
CY21 key data-
1.7m trays of Lovocado brand marketed
114,000 trays exported
4.1m total marketed trays (includes volume from all Costa farms
growing avocados)
Key export markets include Singapore, Hong Kong, Malaysia and
Indonesia.
Product exported from WA to Japan over 2H. Quality maintained and
pricing more favourable than domestic. Positive demand signals for
further product in CY22.
Research on fruit fly protocol for export of east coast grown avocados
to Japan completed. Federal government to negotiate access.
LOVACADO.
Aussie avos. From Costa.
MUSH
BOOM!
TO THE
RESCUE
Perino 2.PH. Vitor
itor
28
AUSTRALIA'S BEST
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