Australia’s Biggest Fruit and Veggie Producer Loses 900M After Demand For Avocados Plunges
January 14, 2019 | 1 min to read
Australians love for avocado appears to be slipping as the country’s biggest fruit and vegetable producer sees its share prices plunge.
Costa Holding Group has taken a $900 million hit with the fruit and vegetable grower’s stock plummeting by as much as 40 per cent at Thursday’s open.
This comes shortly after the company cut its half-year forecast following a weaker demand for tomatoes, berries and avocados over the Christmas period.
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