Limoneira sees FY24 fresh lemon volumes 5M-5.5M cartons

The Company’s food service business and industry logistics continue to experience slowdown due to supply chain and inflationary pressures on a global basis. The Company expects fresh lemon volumes to be in the range of 5.0 million to 5.5 million cartons for fiscal year 2024. Avocado volumes are expected to be in the range of 7.0 million to 8.0 million pounds for fiscal year 2024. The Company now expects to receive a 14% increase in total proceeds of $131 million from Harvest at Limoneira, LLCB II and East Area II spread out over nine fiscal years, with approximately $8 million received in fiscal year 2022.