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
Market Close Graphic

ASX Market Close: Shares up through muted trade as Oz investors take a Chrissy break | Dec 27, 2024

The ASX 200 closed the Christmas week up 29 points (+0.35%), ending the festivities at 8,251 points, though trade was down somewhat throug…
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Aussie bourse to dip slightly on holiday hangover | Dec 27, 2024

The ASX 200 is expected to open -0.09% lower this morning after a two-break from trading through the year’s Christmas celebrations and Boxin…
Market Close Graphic

ASX Market Close: Local bourse manages last gasp of green cheer heading into Chrissy shutdown | Dec 24, 2024

The ASX 200 ended on a positive closing note before Santa’s arrival (a fair bit) later this evening with a 0.29% gain, adding...
The Market Online Video

Expert Exchange: How to approach Christmas spending amid the cost-of-living crisis

As Christmas comes closer, it may be a good idea to revise some of our thinking…