Cole continued, “This optimism is extremely well-founded. Early estimates for the 2013 avocado supply are pegged to be at least 1.65 billion pounds, up from about 1.4 billion pounds in the recently concluded year and 1.1 billion pounds in 2011. Calavo’s avocado market position places the company in the sweet spot of an industry that’s booming around us. The surging supply, including a projected increased harvest in California, should result in larger volume pouring into our packinghouses which drive operating efficiencies and, by extension, gross margins.“Augmenting avocados, we anticipate larger tomato volume at higher prices during the current year in the Fresh segment, which will be further bolstered by our other diversified-produce offerings,” the CEO said.
Calavo Growers, Inc. Announces Fiscal 2012 Fourth Quarter And Full-Year Results
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