Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N
EBRO.MC - Ebro Foods SA
Q3 2019 Ebro Foods SA Earnings Call
Oct 31, 2019 / 12:00PM GMT
=====================
Conference Call Participants
=====================
* José Manuel Rito
Banco Português de Investimento, S.A., Research Division - Analyst
=====================
Presentation
--------------------------------------------------------------------------------
Unidentified Company Representative, [1]
--------------------------------------------------------------------------------
During the third quarter, the U.S. harvest was completed, and the European harvest began. The U.S. harvest was approximately 20% down on the previous year due to severe rainfall during the spring, which led to a reduction in the planted area. Market prices are rising as a result, but we have sufficient provisions to take us through the end of the year. The European harvest look positive except for Andalusia, which has struggled with salinity issues and is expected to see production drop by 15%, which may push prices upwards.
Trustpilot
