date:Sep 25, 2012
nal fertilizer and pesticides cost for its summer oranges during the heavy rainy season this year, Eric Sung, finance director at Asian Citrus, told a press conference in Hong Kong on Friday.
Sung said that the company expects to increase its average selling price of oranges by the fourth quarter of this year, as the winter oranges supply is likely to decrease, resulting from this year's unstable weather. The move may help increase its gross profit margin in the second half of 2012.
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