Costa Group shares plunged lower, after the fruit and vegetable grower released a disappointing update, saying 2022 full year earnings would come in only a touch higher than the previous year – a big downgrade from earlier which implied strong growth on top of a challenging year in 2021. This implies a weak second half, driven by adverse weather conditions, lowering citrus crop quality and pack out rates, given the recent acquisition and the citrus business making up a larger portion of Costa’s earnings.