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flag Select Harvests profit surged to $31.8M in 2024-25, driven by higher almond prices and efficiency, despite lower yields.

flag Select Harvests posted a $31.8 million net profit for 2024-25, up from $900,000 the prior year, driven by higher global almond prices and improved efficiency despite lower crop yields and reduced processing volumes. flag The company cut net debt to $79 million but will not pay a final dividend. flag Australia’s wine industry faces a 260 million litre surplus, prompting major producers to cut brands and write down assets amid declining consumption. flag Wine Australia urges future harvests to stay under 1.5 million tonnes to balance supply. flag Bega Group launched a lighter whipped peanut butter, boosting sales by 2.5% and attracting new customers, while selling its Queensland peanut processing sites and water licenses after failing to grow local production.

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