PGG Wrightson Revenue Tops $1.1b as Profit Jumps 46%
After delivering a strong financial year, rural trader PGG Wrightson says the coming months will depend on customer confidence and weather.
The kiwifruit season is promising strong growth with volumes back to pre-Psa levels this season, Zespri's chief executive Lain Jager says.
The NZ industry continues to recover from the Psa outbreak, transitioning from the previous gold variety Hort16A to Gold3 with 4,593 licensed hectares in NZ.
Jager says the industry is forecasting a harvest of around 30 million trays of gold kiwifruit – 25 million of this Gold3 – surpassing the previous high of 29 million trays sold in the 2011 season. The forecast gold volume this season has nearly doubled from around 18 million trays harvested last season.
"We are also looking forward to another great Green crop this year, with more than 70 million trays forecast from a total crop volume of around 108 million trays of premium Zespri Kiwifruit," says Jager
"While the impact of Psa is still being felt across the kiwifruit industry, this remarkable turnaround is testament to the cooperative and pragmatic nature of the industry and the strong support we have received from Government."
Jager says Zespri is well on track to selling more than 50 million trays of Gold3 in 2018.
"Our in-market teams are focused on building the demand for Gold3, introducing customers and consumers around the world to this great-tasting new Zespri product," he says.
Zespri continues to serve and develop new opportunities in the long-standing markets of Japan and Europe, as well as developing new markets in economies, including China, the Middle East, and Brazil. Zespri sales in China have grown at about 30% per annum over the last decade and are forecast to continue at around 20% per annum until 2020, with China expected to be Zespri's number one market a few years' time.
Jager says Gold3 had a great reception in Japan last season and demand is strong from Zespri's customers in Japan as the new season shipment is underway.
"We're also looking forward to great-tasting fruit once again this season, helped along by the hot, dry summer and adequate rainfall."
Bigger, bolder salads packed with colour, crunch and flavour are making headlines overseas — and the arrival of fresh spring vegetables means New Zealanders can now get chopping too, creating their own Great Kiwi Spring Salad.
Chinese beef trade quotas and a looming suspension of Brazilian beef imports into the European Union are expected to reshape global beef trade flows over the remainder of 2026, with implications for New Zealand exporters, according to Rabobank's Q3 Global Beef Quarterly report.
James Blair, an agronomist for AS Wilcox and the Pukekohe regional champion, has won the 2026 Young Grower national title.
An Auckland gelato shop and an established New Zealand ice cream maker have both been named Supreme Champions at the NZ Ice Cream & Gelato Awards 2026.
As the cost-of-living crisis continues to put pressure on household grocery budgets, new figures show pork remains one of the most affordable fresh meat options for New Zealand families.
OPINION: In politics, credibility is and should be big. It must surely rank higher than charisma, which is quite trite and superficial. Yet, voters nowadays are often wooed and influenced by how someone looks or talks at a superficial level. TV plays a huge role in this.