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

Jessica Kilday wins BrightSIDE dairy scholarship

The South Island Dairy Event's BrightSIDE has named Jessica Kilday as the recipient of the BrightSIDE Scholarship, recognising her commitment to furthering her education and future career in the New Zealand dairy industry.

Cresslands Stud's Century of Change

The subdivision and sale of the Rangiora's Coldstream Estate in 1921 was advantageous for not one, but four Cantebury families - but one in particular has become synonymous with outstanding Holstein Friesian cattle.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Silly Season

OPINION: Election years are usually regarded as the silly season, but a mate of the Hound reckons 2026 is shaping…

Two-Faced System

OPINION: If farmers poured just a few litres of some pollutant into a stream, the Green Party and the wider…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter