Select Harvests and Almas Almonds have settled court proceedings by reaching a confidential agreement.
The court proceedings were brought by Almas Almonds against Select Harvests in relation to a previously terminated Almond Orchard Management Agreement.
Paul Thompson, Managing Director of Select Harvests advised that the parties have reached a confidential agreement to settle the proceeding.
Thompson said the agreement is effective immediately and the settlement will have no material impact on Select Harvests 2014/15 financial result or that of subsequent years.
Select Harvests is Australia's largest almond grower and processor, and is the third largest grower worldwide.