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Zespri chairman Peter McBride.
There's gold for New Zealand growers in Zespri’s SunGold kiwifruit.
Overseas demand is high for the new Psa-free variety and prices continue to rise.
As a result, Zespri chairman Peter McBride is forecasting a net profit after tax of $96 million to $101m for the year ended March 31, 2018. Profit last year was $73.7m.
This upsurge in demand and price is reflected in Zespri’s updated market forecast for October, which again shows prices for all classes of kiwifruit are up on the August forecast. SunGold is fetching $9.73/tray versus $9.28 in August, while Green14 is $5.39/tray vs $5.25 in August. Other classes of kiwifruit are also up in value.
Zespri publishes two-monthly ‘indicative’ price updates (these do not reflect prices payable to individual growers).
Zespri’s counter-seasonal Zespri Global Supply (ZGS) programme is underway with approximately 33 million trays, or 118,800 tonnes, expected this year from orchards throughout France, Italy, Greece, Korea, and Japan.
Fonterra directors and councillors are in for a pay rise next month.
According to Zespri's November forecast for the 2025/26 season, returns are likely to be up for all fruit groups compared to the last forecast in August.
European growers are playing a key role in ensuring Kiwifruit marketer Zespri has year-round supply of high-quality fruit for consumers.
Fonterra chair Peter McBride, fellow directors and the management team, will front up farmer shareholders next week to explain the metrics around the proposed $4.22 billion divestment plan.
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The avocado industry is facing an extremely challenging season with all parts of the supply chain, especially growers, being warned to prepare for any eventuality.
Rural recycling scheme Agrecovery is welcoming the Government's approval of regulations for a nationwide rural recycling scheme for agrichemicals and farm plastics.
Despite a late and unfavourable start, this year’s strawberry crop is expected to be bountiful for producer and consumer alike.
Nearly three years on from Cyclone Gabrielle, Hawke's Bay apple orchardist Paul Paynter says they are still doing remedial work around their orchards and facing financial challenges.
An unusual participant at the recent Royal A&P Show in Christchurch was a stand promoting a variety of European products, during an event that normally champions the homegrown.
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