Heavy rain dampens earnings outlook for Limoneira

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Heavy rain dampens earnings outlook for Limoneira

By Staff Report / Tuesday, May 14th, 2019 / Comments Off on Heavy rain dampens earnings outlook for Limoneira

Santa Paula lemon grower and distributor Limoneira warned of a saturated market for lemons after heavy rain in Southern California boosted output in a note to investors May 13. Rain increased lemon sizes, leading to an overabundance of large lemons, the company said, driving down prices per carton. Harvests expected in the current quarter will…

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