Costa chief hopes for avocado-led economic recovery

Costa chief hopes for avocado-led economic recovery

Costa Group’s chief executive has said the opening of the economy should help its underperforming avocado business recover and lift profits after revenue in the category was hit by the pandemic lockdowns.

  • byJessica Yun

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Costa spends $220m on mandarins,says low avocado prices here to stay

Costa spends $220m on mandarins,says low avocado prices here to stay

Fruit and vegetable giant will acquire the exclusive rights to a range of seedless mandarins through a new farm acquisition,while it has also flagged it expects avocado prices to remain low for the rest of the year.

  • byDominic Powell
$300 million farm bid to bring Macquarie and Costa Group closer

$300 million farm bid to bring Macquarie and Costa Group closer

The investment banking powerhouse's interest in farm owner Vital Harvest has been welcomed by its biggest tenant,the fresh food giant Costa Group.

  • byDarren Gray
Deodorant sales on the nose as shopping habits change in the pandemic

Deodorant sales on the nose as shopping habits change in the pandemic

The coronavirus crisis has not only drastically changed how we live,it has also changed how we shop. But what changes are here to stay?

  • byDominic Powell andDarren Gray
'Heartbreaking devastation':Business leaders lament for Melbourne

'Heartbreaking devastation':Business leaders lament for Melbourne

Prominent business voices across Melbourne are hoping the city can re-emerge from the"dark tunnel"of emotional and economic distress caused by the COVID-19 lockdown.

  • byDarren Gray,Cara Waters andDominic Powell
Costa Group profit mushrooms on higher demand and better conditions

Costa Group profit mushrooms on higher demand and better conditions

The ASX-listed fresh food company is rewarding shareholders with a fatter dividend,as it forecasts solid earnings for the second half of calendar 2020.

  • byDarren Gray
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Horticulture giants warn fruit and vegetable prices could rise due to labour shortage

Horticulture giants warn fruit and vegetable prices could rise due to labour shortage

The horticulture industry fears its backpacker workforce could crumble due to the pandemic,leading to a jump in fruit and vegetable prices.

  • byDarren Gray
Trade war posturing a worry for outgoing Costa boss Harry Debney

Trade war posturing a worry for outgoing Costa boss Harry Debney

The listed fruit and vegetable giant's boss says he's concerned about the China/Australia trade stoush but stresses Costa's citrus exports to China are safe.

  • byDarren Gray
Costa pulls guidance citing great'uncertainty'and volatility

Costa pulls guidance citing great'uncertainty'and volatility

Fresh produce giant Costa Group has become the latest company to pull its full year guidance,citing the great uncertainty created by the coronavirus.

  • byDarren Gray
Call to extend backpacker visas to help farmers cope with virus jolt

Call to extend backpacker visas to help farmers cope with virus jolt

Fresh produce companies have called for an immediate extension to visas for backpackers and seasonal workers,amidst fears COVID-19 could see many return home.

  • byDarren Gray
Mushrooms and berries key ingredient to Costa's recovery

Mushrooms and berries key ingredient to Costa's recovery

Costa Group is getting better prices for its fresh produce so far this year,after a very challenging 2019.

  • byDarren Gray