Positive first year for ZAG fund
As it enters its second year, Zespri says the first year of the Zespri Innovation Fund (ZAG), has been “really positive”.
A universal trend by consumers to live better and healthier lives is driving the demand for New Zealand kiwifruit.
Zespri chief executive Dan Mathieson says kiwifruit fits perfectly into that scenario, causing strong demand in all its markets.
Mathieson says sales growth has been strong again this year: 150 million trays, up from about 120 million trays last year.
A lot of that is driven by the Sungold variety, and there is good growth also in Zespri green.
“Looking long term, we see that trend continuing with consumers wanting great products, great food items that are filled with nutrition,” Mathieson told Hort News.
“Kiwifruit is a real king in that space with all the vitamins and fibre and the nutritional elements it has versus other fruits. Based on that trend we see strong demand.”
He says their target group of consumers tend to be very health conscious, which is not region-specific but tends to be across the board. Zespri is getting good growth in both green and gold in Asia, with China going very well.
“It’s going well in Japan and they are once again our number-one market in Asia this year. We are also seeing great growth in Korea and have seen the duties start to gradually come down.
“We used to pay 45% duty on our exports to Korea, but with NZ’s free trade agreement with them the duties have started to come off and we have been able to offer our kiwifruit to consumers at a more attractive price and that has helped drive demand.
“At the same time, Taiwan is doing well and is now our number-one consumption market per capita in the world.”
European consumers have always been strong supporters of Zespri green, but Mathieson says consumers there are now starting to be attracted to Sungold. He believes this is because Sungold has a slightly sweeter taste and is easy to eat.
“France is going well and continues to be a high growth market for us. In the last couple of years, it has been a real performer in the European region. And we are also seeing good growth in all our major markets in Spain, the Benelux region, Germany and Italy.”
Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive preparation every time is the PGG Wrightson Seeds site.
Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.
Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.
The six young cattle breeders participating in the inaugural Holstein Friesian NZ young breeder development programme have completed their first event of the year.
New Zealand feed producers are being encouraged to boost staff training to maintain efficiency and product quality.
OPINION: The world is bracing for a trade war between the two biggest economies.
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
OPINION: The proposed RMA reforms took a while to drop but were well signaled after the election.