- Australia’s largest almond grower Select Harvests (SHV) has completed its $129 million purchase of the Piangil Almond Orchard in northwest Victoria
- Piangil is a high-quality orchard located in the Sunraysia almond-growing region
- The purchase is expected to increase Select Harvests’ almond production by approximately 4600 tonnes in the 2021 financial year
- Additionally, the company is continuing to see strong sales in California with a 21.5 percent year-on-year increase
- This spike is due to the historically low prices of almonds
- On market close, Select Harvests is up 0.19 percent and is trading at $5.34 per share
