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Stock impact report

Warped Oranges Far From Ian's Core Are Bad Sign for Florida Crop [Business News Network (BNN) (Canada)]

Maxar Technologies Inc. (MAXR) 
Last maxar technologies inc. earnings: 3/2 04:08 pm Check Earnings Report
At third-generation citrus grower Peter Spyke's groves, some 200 miles (322 kilometers) north of where Ian struck the coast, many of the orange stems are twisted and damaged. That means the fruit won't ripen, he said. “Fruits are still on the trees, but they don't have the ability to sustain life from the tree itself,” Marion County-based Spyke said by phone. The full extent of the hurricane's destruction won't be revealed for days or weeks, he added. Spyke's groves aren't even near the epicenter of Ian's wrath. The hardest-hit of the main producing areas lie further south, in Polk, De Soto and Hardee counties, according to Donald Keeney, senior meteorologist at Maxar Technologies Inc. Together, they account for roughly 36% of Florida's citrus production. Ian threatens to deal a catastrophic blow to Florida orange growers already reeling from a disease called citrus greening, which damages fruit and eventually kills trees. The storm's destruction is the latest boost to orange p Show less Read more
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