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Inventories

9 Months Ended

Jul. 31, 2011

3. Inventories

Inventories consist of the following (in thousands):


	July 31,		October 31,
	2011		2010
Fresh fruit	$	12,017	$	8,630
Packing supplies and ingredients		3,705		3,069
Finished processed foods		6,130		3,132

	$	21,852	$	14,831

During the three and nine-month periods ended July 31, 2011 and 2010, we were not required to and did not record any provisions to reduce our inventories to the lower of cost or market.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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