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Alico Enters New Supply Contract With Tropicana; Effective June 5, 2024 Through July 31, 2027; Subject To Terms And Conditions

Author: Benzinga Newsdesk | June 10, 2024 08:05am

This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico's currently planted acres to Tropicana Brands Group ("Tropicana") at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citrus fruit sold to Tropicana last season. Alico has another supply contract with Tropicana that remains in effect through the 2024-25 harvest season.

Posted In: ALCO


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