Almond Price Rally a Boon for Select Harvests -- Market Talk

Dow Jones
Sep 12, 2025

2255 GMT [Dow Jones]--The recent rally by almond prices leads Bell Potter to raise its price target on Select Harvests by 2.8% to A$5.45/share. Almond prices denominated in U.S. dollars are up some 26% from lows. The move is on the back of mixed early harvest reports in California, which suggests a government forecast for the overall crop may by too optimistic. Analyst Jonathan Snape notes volatility in almond pricing has been a feature since May. "However, the long-term under development of orchards in California implies a period of limited supply expansion potential, which we view as a positive for the direction of future almond pricing trends," Bell Potter says. It retains a buy call on Select Harvests, which ended Thursday at A$3.85. (david.winning@wsj.com)

 

(END) Dow Jones Newswires

September 11, 2025 18:57 ET (22:57 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10