Select Harvests Bull Buoyed by Planting Lull in California -- Market Talk

Dow Jones

May 30, 2025

0033 GMT - Almond prices have gone nuts in recent months, and Bell Potter thinks a lull in planting in California can keep a lid on supply. The bank remains bullish on Australian grower Select Harvests even after a 43% share-price grain over the past 12 months. Analyst Jonathan Snape highlights that Californian plantings in 2024 fell to 1.2% of the bearing acreage, representing the lowest level since 1985 and materially below the 30-year average of 6.3%. It's now been below the replacement rate for three straight years. "This movement down in future supply growth potential has historically coincided with an inflexion in the commodity price and prolonged periods of upside in the commodity value," Bell Potter says. Select Harvests' 1H underlying profit was double the bank's expectations. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 29, 2025 20:33 ET (00:33 GMT)

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The bank remains bullish on Australian grower Select Harvests even after a 43% share-price grain over the past 12 months. Analyst Jonathan Snape highlights that Californian plantings in 2024 fell to 1.2% of the bearing acreage, representing the lowest level since 1985 and materially below the 30-year average of 6.3%. It's now been below the replacement rate for three straight years. \"This movement down in future supply growth potential has historically coincided with an inflexion in the commodity price and prolonged periods of upside in the commodity value,\" Bell Potter says. Select Harvests' 1H underlying profit was double the bank's expectations. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 29, 2025 20:33 ET (00:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Select Harvests Bull Buoyed by Planting Lull in California -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSelect Harvests Bull Buoyed by Planting Lull in California -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-30 08:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0033 GMT - Almond prices have gone nuts in recent months, and Bell Potter thinks a lull in planting in California can keep a lid on supply. The bank remains bullish on Australian grower Select Harvests even after a 43% share-price grain over the past 12 months. Analyst Jonathan Snape highlights that Californian plantings in 2024 fell to 1.2% of the bearing acreage, representing the lowest level since 1985 and materially below the 30-year average of 6.3%. It's now been below the replacement rate for three straight years. \"This movement down in future supply growth potential has historically coincided with an inflexion in the commodity price and prolonged periods of upside in the commodity value,\" Bell Potter says. Select Harvests' 1H underlying profit was double the bank's expectations. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 29, 2025 20:33 ET (00:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHV.AU","symbol_name":"SELECT HARVESTS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2539954297","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539954297","pubTimestamp":1748565180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0033 GMT - Almond prices have gone nuts in recent months, and Bell Potter thinks a lull in planting in California can keep a lid on supply. The bank remains bullish on Australian grower Select Harvests even after a 43% share-price grain over the past 12 months. Analyst Jonathan Snape highlights that Californian plantings in 2024 fell to 1.2% of the bearing acreage, representing the lowest level since 1985 and materially below the 30-year average of 6.3%. It's now been below the replacement rate for three straight years. \"This movement down in future supply growth potential has historically coincided with an inflexion in the commodity price and prolonged periods of upside in the commodity value,\" Bell Potter says. Select Harvests' 1H underlying profit was double the bank's expectations. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SHV.AU":"SELECT HARVESTS LTD","SLCT":"Select Bancorp Inc.","BK7505":"食品股","BK7117":"农产品"},"translate_title":"加州种植平静提振精选收成牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHV.AU":0.9,"SLCT":1},"content_text":"0033 GMT - Almond prices have gone nuts in recent months, and Bell Potter thinks a lull in planting in California can keep a lid on supply. The bank remains bullish on Australian grower Select Harvests even after a 43% share-price grain over the past 12 months. Analyst Jonathan Snape highlights that Californian plantings in 2024 fell to 1.2% of the bearing acreage, representing the lowest level since 1985 and materially below the 30-year average of 6.3%. It's now been below the replacement rate for three straight years. \"This movement down in future supply growth potential has historically coincided with an inflexion in the commodity price and prolonged periods of upside in the commodity value,\" Bell Potter says. Select Harvests' 1H underlying profit was double the bank's expectations. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 29, 2025 20:33 ET (00:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}