Fresh Del Monte Produce Inc. (NYSE:FDP) Q1 2024 Earnings Call Transcript

Mitch Pinheiro: What’s the driver of the, I don’t pay attention to the Costa Rican monetary situation, what’s driving the flux, the decline?

Mohammad Ghazaleh: Too many dollars, I guess, in the market, which put pressure on the, I mean, the local currency became very, very strong.

Mitch Pinheiro: Right. Right. Okay. So, and there’s little you can do about it, right? There’s no.

Monica Vicente: Yeah. It’s difficult to hedge.

Mitch Pinheiro: Absolute…

Monica Vicente: Difficulty to hedge the colon, but there’s not enough liquidity, so.

Mitch Pinheiro: You’re right. Right. Okay. That’s all I have. Thanks for the questions.

Mohammad Ghazaleh: Thank you, Mitch.

Monica Vicente: Thank you, Mitch.

Operator: And that concludes our Q&A session. I will now turn the conference back over to Mohammad for closing remarks.

Mohammad Ghazaleh: Thank you very much everyone for attending this call and hope to speak to you in the next quarter with even brighter news. Thank you. Have a good day.

Operator: This concludes today’s conference call. Again, thank you for your participation. You may now disconnect.