T&G Global returns to profitability
Fresh produce grower and exporter T&G Global has overturned last year’s dismal performance by reporting a half year net profit of $1.7 million.
Global demand for the Envy apple brand means the first commercially produced Chinese variety of the apple is now being sold in China.
T&G Global chief executive Gareth Edgecombe says the company's dual-hemisphere multi-sourcing strategy has led to the opportunity for a significant commercial volume of locally grown apples in China, which is an important part of its growth strategy.
He says the Envy brand was developed in NZ by harnessing Kiwi-IP and is on track to become a billion-dollar brand.
"To meet forecast consumer demand of 18 million tray carton equivalents by 2030, we need to maximise our multi-country sourcing strategy across the Northern and Southern Hemispheres," Edgecombe explains.
"That's why we license the growing of Envy in New Zealand and in other countries, including China. Doing this helps ensure the continual availability of the brand and that consumers and retailers have confidence in the legitimacy and quality of the fruit."
Initially, T&G Global worked with Joy Wing Mao, who were granted a license in 2018 to grow and sell a managed commercial volume of Envy in China. It's these volumes which are now appearing on-shelf in China.
"Growing the brand's footprint requires us to ensure we have the right protections in place to vigorously protect and defend our IP for the benefit of breeders, growers, retailers and T&G," Edgecombe adds.
"This is something we've always done and will continue to do through plant variety rights, patents and trademarks, along with the support of leading intellectual property law firms both in New Zealand and offshore."
The company's variety management subsidiary VentureFruit manages the licensing of all T&G's plant varieties and brands.
It also leads action against any unauthorised plantings, propagation, counterfeiting and trademark infringements.
The iconic services building at National Fieldays' Mystery Creek site will be demolished to make way for a "contemporary replacement that better serves the needs of both the community and event organisers," says board chair Jenni Vernon.
Agri advisor Perrin Ag says its graduate recruitment programme continues to bring new talent into the agricultural sector.
Entries are open for the 2026 New Zealand Dairy Industry Awards (NZDIA).
As New Zealand marks International Day of Rural Women today, women from across the horticulture sector are calling attention to the crucial role they play in building a more sustainable, inclusive and climate-resilient industry.
Listed rural trader PGG Wrightson chair Garry Moore and his deputy Sarah Brown have been voted out by shareholders.
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