Australia’s large-scale almonds producer, Select Harvest (ASX: SHV) announced operating progress to the market today that the output in this year may reduce to 13,500-14,000 tonne according to actual harvest. It is the second highest harvest year of the Company in history. The lower harvest than expectation may generate substantial influence on profits in the entire year.

It predicts that almond output in Australia in 2017 will be lower than early industrial expectation, mainly affected by weather climate conditions.

CArina processing plant of Select Harvest has harvested 98% almonds in all producing areas in 2017 harvest season, and finished processing of  60%.  The price of almond in this year will be AUD 7. 5-8 per kg. It disclosed currently 60% almond harvest has been sold on consignment according to such price.

The packaged consumers products of Select Harvest develop rapidly, and it confirms Sinotrrans, 00598.HK as distribution partner of international supply chain to supply products to  supermarkets and shopping malls in mainland China. After shipment in March, it added new orders in April. Sinotrrans is a branch of China Merchants Group.