Just a short note to let you know that harvest is now approximately 70% complete. At this stage production volumes of oil are well above last year’s harvest and quality is outstanding. We expect to finish harvest before the end of June and we will be in touch soon after to let you know the final results. We are still expecting to announce a material profit this year and we will give you profit guidance in mid to late July when our full year management accounts are completed.
Sales of Cobram Estate and Red Island are still growing strongly and we have lifted our selling prices across most of the range. The international price has been reasonably stable since December but we are expecting further price increases in the next few months as the oil shortage in Europe becomes more pronounced.
I have attached an order form with a special offer to shareholders for our 2013 Ultra Premium oils that recently won at the New York International olive oil show.
Please feel free to call or email if you have any questions.