Tuesday, 24 October 2017 13:55

Kiwifruit’s bright outlook

Written by  Peter Burke
Zespri chairman Peter McBride. 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).

More like this

Featured

Remediation NZ Fined $71k Over Compost Site Odours

Remediation NZ (RNZ) has been fined more than $71,000 for discharging offensive odours described by neighbours as smelling like ‘faecal and pig effluent’ from its compositing site near Uruti in North Taranaki. 

National

Machinery & Products

» Latest Print Issues Online

The Hound

Penny Pinching

OPINION: A mate of yours truly reckons rural Manawatu families are the latest to suffer under what he calls the…

New Order

OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter