Avocado Boost Helps Lift Fresh Del Monte's Second-Quarter Sales
Fresh Del Monte Produce has posted an 11% increase in sales, to $1.27 billion, in the second quarter of 2018, driven by strong growth in avocado sales.
Net sales of avocados rose by 11%, to $95 million, compared to the previous year, with volume rising by 43% and pricing declining by 22%. Sales were also boosted by the acquisition of Mann Packaging, a North American-based grower, in February, the company said.
However, the group said that net sales in its banana division were down to $458 million, from $499.5 million last year, with volume down 6% on the previous year.
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