What is the updated 2026 crop volume forecast for Select Harvests (ASX:SHV)?

Select Harvests (ASX:SHV) updated its 2026 almond crop guidance to a range between 28,800 and 29,600 metric tonnes despite heavy harvest rainfall. This revised figure narrows the previous forecast of 28,000 to 31,000 metric tonnes, representing a 16% to 19% increase compared to the prior year.

How much did wet weather increase operational costs for Select Harvests (ASX:SHV)?

Select Harvests (ASX:SHV) reported that one-off operational costs related to the wet harvest increased to $13.9 million, up from its previous estimate of $6.9 million.

What is the expected almond pool price for Select Harvests (ASX:SHV)?

Select Harvests (ASX:SHV) projects an increased almond pool price of $10.26 per kilogram, compared to its earlier guidance of $10.21 per kilogram. Select Harvests stated that it has already sold or contracted 81% of its 2026 crop to capitalise on these higher market rates.

How did processing investments support throughput for Select Harvests (ASX:SHV)?

Select Harvests (ASX:SHV) stated that its roughly $30 million capital investment in a new pre-cleaner, dryer, and kernel recovery line allowed it to process an additional 13,800 to 14,200 metric tonnes from external growers.

Why are global market conditions driving higher almond prices for Select Harvests (ASX:SHV)?

Select Harvests (ASX:SHV) reported that global almond prices hit a 10-year high in US dollars due to declining production in California, which controls roughly 77% of the global supply. Strict groundwater regulations and rising costs in California are driving a supply contraction, benefiting the pricing power of Select Harvests.

Agriculture

Image for illustrative purposes only. Not a real photo.

Select Harvests expects up to 29,600 tonnes in 2026

Escrito por Brie CarterPublished Sep 8, 2026, 1:13 AM

Select Harvests updated its 2026 almond crop guidance to between 28,800 and 29,600 metric tonnes despite experiencing heavy rainfall.
The company increased its expected one-off operational costs to $13.9 million while keeping year-end net debt below $65 million.
A global supply drop from California and rising almond prices are driving stronger revenue returns per kilogram.

Select Harvests (ASX:SHV) narrowed its 2026 crop guidance to 28,800–29,600 metric tonnes following heavy harvest rainfall.

The updated range narrows the previous forecast of 28,000–31,000 metric tonnes, representing a 16–19% increase on the prior year.

The company stated that its $30 million capital investment in processing facilities helped secure higher crop throughput.

Operational costs related to wet weather increased to $13.9 million from the previous estimate of $6.9 million.

Higher almond pool prices of $10.26 per kilogram offset the increased operational expenses.

Following the announcement, the Select Harvests share price was unchanged at $5.03.

Global almond prices reached a 10-year high in US dollars due to declining production in California.

California controls approximately 77% of global almond supply and faces strict groundwater regulations that restrict local output.

Perguntas frequentes

Mais formas de descobrir

Ver notícias de Australia Descubra sinais de ASX Ver todas as ações de ASX Ver todos os ETFs de ASX Encontre o índice ASX ideal