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Australian Agricultural Projects Ltd. ( (AU:AAP) ) just unveiled an announcement.
Australian Agricultural Projects reported that its olive orchard remains in good health, with dry and cooler-than-usual conditions enabling scheduled operations and an expanded maintenance program, including upgrades to harvester hydraulics. Flowering peaked later than normal, and while fruit set is strong in areas previously hit by frost, lower-than-expected fruit set in the Picual variety has management forecasting a 2026 harvest of 570,000 to 640,000 litres, consistent with an “off” year in the orchard’s biennial production cycle. Rising water prices and reduced storage levels at Lake Eildon are pressuring irrigation costs, with spot prices more than tripling year-on-year and the company still needing to secure additional water to ensure full irrigation, prompting a review of its future water strategy.
The most recent analyst rating on (AU:AAP) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Agricultural Projects Ltd. stock, see the AU:AAP Stock Forecast page.
More about Australian Agricultural Projects Ltd.
Australian Agricultural Projects Ltd is an Australian agribusiness focused on managing and operating large-scale olive orchards, producing olive oil and related products. The company’s operations are concentrated around irrigated orchard assets, where it both manages projects for growers and increasingly operates orchard areas directly for its own benefit.
Average Trading Volume: 30,719
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$18.43M
For detailed information about AAP stock, go to TipRanks’ Stock Analysis page.