Alliance One International sales fell 10 per cent and the company reported a USD 62.9 million (EUR 56.2 million) net loss for fiscal 2017, citing poor weather and low yields in key growing areas of Brazil, the US and Tanzania.

Sales in the 12 months to 31 March were USD 1.7 billion. In the final business quarter, sales fell 16.7 per cent to USD 609.7 million, Alliance One said.
"As we look to fiscal year 2018, global market conditions are positive with good early weather patterns that support better global growing conditions,” said CEO Pieter Sikkel. “These conditions should result in increased crop sizes in Brazil and Argentina. We have almost completed buying in Zimbabwe and are approximately 65 per cent complete in Brazil.”