The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Almond producer Select Harvests (SHV) has reported a fire at its almond processing and value-adding facility Carina West in Victoria on Boxing Day
  • The fire was located in the co-waste handling area, this co-waste is a low value bi-product from the hulling and shelling process of almonds
  • There has been no injuries to any of the workers and impacts from the fire is currently being assessed
  • The fire has now been contained and continues to be managed
  • On the market, Select Harvest was down 0.51 per cent and is trading at $5.89 per share

Almond producer Select Harvests (SHV) has reported a fire at its almond processing and value-adding facility Carina West in Victoria on Boxing Day.

The fire was located in the co-waste handling area, this co-waste is a low value bi-product from the hulling and shelling process of almonds.

Fortunately, there have been no injuries to any of the workers from the fire.

The impacts of the fire are still being assessed, however, at this stage “there appears to be smoke and water damage impacting some site buildings, materials handling equipment and work in progress inventory”.

Notably, Select Harvest primary production and processing areas, as well as the related equipment at the site have not been directly affected.

The fire has now been contained and confined to the co-waste material and continues to be managed.

Select Harvests expects to be able to undertake its almond receiving and processing activities after the commencement of harvest in February 2022. Warehousing, distribution and value add processing are expected to commence early in the New Year as anticipated.

On the market, Select Harvest was down 0.51 per cent and is trading at $5.89 per share at 11:37 am AEDT.

SHV by the numbers
More From The Market Online
The DealRoom homepage on HotCopper.

DealRoom is expanding: Your global gateway to capital-raising investments

DealRoom is expanding into the U.K., in a brand-new chapter in cross-border deal flow to connect companies…
Diamond drilling at Bankan.

‘Inferior’: Perseus backs down on Predictive merger – but not without swipe at Robex

Perseus Mining has thumbed its nose at Robex as it heads out the door, stepping away…
The words "Market Open ASX 200 Futures Tip FLAT" appear stacked atop one another next to ASX today company iconography.

ASX Market Open: Spluttering Oz shares not doing much of anything pre-holidays | Dec 16

ASX today – Australian shares are flat on Tuesday as CY25 trade now looks to close…
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.