Community Donations Program

9 June 2022, announced by Nicole Feder, GM - People, Safety & Culture

As a thank you to organisations that service our local communities, every year Select Harvests invites applications from district charities, community groups, education and sporting clubs to apply for financial grants >> Read More

Select Harvests Crop and Market Update

20 May 2022, announced by Managing Director Paul Thompson

"The market outlook is becoming more positive. Demand is returning post Covid-19 impacts and global inventories are returning to a more balanced position. Almond pricing is attractive with many alternative commodity prices increasing dramatically, due to supply issues.

This season’s harvest conditions are the worst the industry has seen in the last ten years. The harvest has been hampered by ongoing rain events preventing access to the orchard and providing insufficient on orchard drying time. Horticultural and processing wet harvest mitigation strategies were in place, but the persistent rainfall has stretched these resources. This year has been challenging and has increased costs to operate and the next six months looks as challenging."

>> Read Full Crop & Market Update

 - - - - - - - - - - - - - - - - - - - - -

Select Harvests Full Year 2021 Results

26 November 2021, announced by Select Harvests MD Paul Thompson

In FY2021 Select Harvests made the strategic decision to sell the Lucky and Sunsol brands and conduct a stage closure of the Thomastown production facility. With a focus now solely on almonds, Select Harvests will no longer report segment results with all operations now consolidated on a Group basis.

>> View Full Announcement

 

Select Harvests 2021 Crop and Market Update

31 August 2021, announced by Managing Director Paul Thompson

Select’s Managing Director, Paul Thompson said:

“The continued strengthening of almond market conditions is pleasing. Despite ongoing shipping issues and increasing almond prices, demand for almonds remains strong.”

“The sale of Select Harvests’ Lucky and Sunsol brands will enable the company to better focus its efforts and internal resources on growing our orchard portfolio and investing in almond value-added products such as paste, sliced and slivered almonds capacity, based at our Carina West production facility.”

“Once our current investment in upgrading of the Carina West facility is completed and the new food business strategy is implemented, management estimates in excess of A$15million of working capital will be released back into the business.”

>> Read Full Crop & Market Update

______

Select Harvests 2021 Crop and Market Update

13 July 2021, announced by Managing Director Paul Thompson

Paul Thompson summary:

“Record almond shipments and the worsening Californian drought have led to a recent price appreciation. Demand for almonds, both in their natural form and as a value-added food ingredient, in products such as plant based milks and yoghurts, continues to grow. Thanks in part to the December 2020 acquisition of Piangil Almond orchard, Select Harvests is set to achieve a record almond crop of 28,250MT in 2021. With good progress being made on the 2022 crop, Select Harvests remains focused on the factors within its control, including almond volume, quality, value adding and operating costs.”

>> Read Full Update

 

 

"This year every region of the world is up"

31 May 2021, Richard Waycott President & CEO of the Almond Board of California

Global demand for almonds: "This year every region of the world is up. Asia pacific is up significantly which includes China and India. The Indian story is amazing. We shipped over 300 million pounds to India in the first 9 months of the year. It's the first time we have shipped 300 million pounds anywhere in a year, let alone 9 months".

'Almond Market Update Highlights New Records & Opportunities': Pacific Nut Producer Magazine

>> View Interview

______

US Drought Monitor

25 May 2021

KEY TAKEAWAYS:

• In the last week, another 10% of California state moved into the highest drought category - from Extreme Drought to Exceptional Drought.
• 26% of California is now in Exceptional Drought.

>> View Map

_

International Nut & Dried Fruit Council (INC): Almond Working Group Presentation

25-27 May 2021

KEY TAKEAWAYS:

Slide 8: Almond Market Demand Spotlight > The ongoing growth of the Indian market - all at prices well above today.
Slide 16: California Reservoirs holding > Current water reserves are at similar levels to 2014/2015 – however there is now 27% more bearing acres of permanent crops in the ground.
Slide 17: Affordable Water Supply > Shows the outline of water from each source.

>> View Presentation

_

Almond Board of California Presentation

20 May 2021

KEY TAKEAWAYS:

Slide 5: FY 2020 - 2021 Budget > US industry is going to spend US$53m on market development.
Slide 8: Impacts of SGMA > The US Sustainable Groundwater Management Act (SGMA) is targeting 1.8 to 2.4million acre-feet of average annual overdraft. This is equivalent to 450,000 - 600,000 acres of almonds (although the impact will be felt across numerous crop types, not just almonds, as there are much less profitable crops out there).
Slide 11: Production Forecast Model > Momentum of new almond plantings in slowing, without including drought impact.

>> View Presentation

_

California Statewide Almond Acreage Mapping & Summary Webinar, LandIQ

20 May 2021

KEY TAKEAWAYS:

Slide 18: Application, Almond Water Use > Majority of the water to be used in the five months (California Summer and Autumn).
Slide 19: Water Blueprint for San Joaquin Valley > Area forecast to most impacted by SGMA represents about 40% of the planted almond industry.

>> View Presentation

_