Australian Agricultural Projects Ltd (ASX:AAP) reported a total olive oil production of 752,600 liters from this year's harvest, compared with a production of 551,500 liters during its 2024 harvest, according to a Tuesday Australian bourse filing.
The firm said that a frost event in September 2024 had an impact on overall production, and the result was in line with the management's expectations for an "on year" in the biennial olive production cycle.
It will wait for the final test results of all oil before any sales are finalized. The extra virgin olive oil produced will be sold to Cobram Estate (ASX:CBO) under an olive oil supply agreement in support of the Redisland and Cobram Estate retail brands. The rest of the oil will be marketed separately.
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