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Asian Citrus Summer Orange Crop Yield Soured By Typhoons

Fri, 5th Jun 2015 08:33

LONDON (Alliance News) - Asian Citrus Holdings Ltd Friday reported a decline in its summer orange crop yield at the Hepu Plantation in China, as it was hit by damage sustained from Typhoons Rammasun and Seagull last year.

The orange plantation operator and owner said the summer orange crop yield at Hepu was approximately 19,132 tonnes, down from 49,540 tonnes the prior summer, due to damage sustained from Typhoon Rammasun and Typhoon Seagull in July and September, respectively.

The total annual production yield of winter and summer oranges decreased to 130,125 tonnes from 197,467 tonnes, Asian Citrus added.

In April, the company said it had identified the presence of Huanglongbing, or citrus greening disease, at its Xinfeng Plantation in China and said the infection rate meant its 2015 winter harvest would be severely hit.

On Friday, Asian Citrus said that the reduction in the production yield of orange crop, citrus canker and Huanglongbing disease, will continue to adversely influence the performance of the group's agricultural produce operations.

Asian Citrus will announce its results for the year ending June 30 in September.

Shares in Asian Citrus were trading up 1.7% at 10.30 pence Friday morning.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

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