Asian Citrus Holdings Ltd Friday [5 June 2015] reported a decline in its summer orange crop yield at the Hepu Plantation in China, as it was hit by damage sustained from Typhoons Rammasun [July 2014] and Seagull [September 2014] last year. The orange plantation operator and owner said the summer orange crop yield at Hepu was approximately 19,132 tonnes, down from 49,540 tonnes the prior summer, due to damage sustained from Typhoon Rammasun and Typhoon Seagull in July and September, respectively…Full Article: London South East June 2015

Key Point

  • In April 2015, Asian Citrus announced that an outbreak of Huanglongbing (HLB), also known as citrus greening disease, was detected in its Xinfeng Plantation. As a result, it’s 2015 winter harvest will likely decline.

ChinaAg Comments

  • In February 2014, Asian Citrus canceled an expected dividend in order to finance extra fertilizer and agrichemical applications on its orchards after the initial applications were washed away by heavy rainfall.
  • In July 2013, Asian Citrus reported that their Hepu summer orange crop was approximately 57,367 MTs.
  • In January 2013, Asian Citrus shares dropped to their lowest value since 2009/10 due to crop losses from heavy rainfall and high wages (e.g. wage inflation in China). In July 2013, the company announced decreased production volumes in Hepu Plantation (~1.3 million orange trees as of June 2011), Guangxi Zhuang Autonomous Region, southern China.
  • In June 2011, Asian Citrus’ Hepu plantation (located in Guangxi Zhuang Autonomous Region, southern China) had 1.3 million orange trees.
  • Registered in Bermuda, Asian Citrus is the largest orange plantation owner and operator in China. It currently owns and operates two orange plantations: the Hepu Plantation in Hepu County in the Guangxi Zhuang Autonomous Region, occupying approximately 30.9 sq. km (~1.3 million trees), and the Xinfeng Plantation in Xinfeng County in Jiangxi province, occupying approximately 37.1 (~1.6 million trees). The plantations are located in similar latitudes to that of Florida of the US, which is well known for growing oranges. The company cultivates and sells two types of oranges: winter (the varieties grown being Navel, Hamlin, Pineapple and Hong Jiang) and summer (principally Valencia).

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