Sharp rise in blueberry volumes lifts Camposol’s profits through Q3
Peru-based Camposol’s EBITDA rose 4% to US$88.4 million during the nine months through September on the back of a huge 122% rise in blueberry volumes.
The company sold 9,571 metric tons (MT) of the fruit through the third quarter, compared to 4,305MT over the same period last year.
Over this time the average price per kilo of blueberries was 16% higher year-on-year at US$8.10, while the average cost was up 15% at US$4.64.
Camposol attributed the increase in volume mainly to hectares enter higher-yield phases. Of its 2,073 hectares of blueberry plantations, 79% are now in a high-yield phase while the remaining 21% are not yet producing fruit.
The company also boosted the volume of avocados sold by 6% to 44,353MT, with the average price per kilo 15% lower at US$2.39 and costs 7% lower at US$1.1.
The rise in avocado volumes is attributed to “very good weather during last winter”. Of Camposol’s 2,824 of avocado orchards, 79% are also in a high-yield phase, 6% in a medium-yield phase and 15% currently unproductive.
Camposol notched a 21% year-on-year rise in the value of total sales over the nine-month period to US$290 million.
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