Blueberry oversupply alarms farmers

Original article by Tim Boyd
The Australian Financial Review – Page: 8 : 14-Jan-19

Cheaper blueberries were one of the factors behind the Costa Group unveiling a profit downgrade on 10 January, an announcement that saw its shares fall by 39 per cent in a single day’s trade. Blueberry farmers say that cheap prices are the result of oversupply. Brackenridge Berries owner and manager Jenny Kompara-Tosio says prices have fallen to around $2 a punnet, a level at which it is difficult to make any money. Fellow blueberry farmer Otto Saeck says it has been a tough year for growers.

CORPORATES
COSTA GROUP HOLDINGS LIMITED – ASX CGC, BRACKENRIDGE BERRIES

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