Tuesday, 24 October 2017 13:55

Kiwifruit’s bright outlook

Written by Peter Burke

font size decrease font size increase font size
Print
Email

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

Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast

Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast

More signs of a booming kiwifruit sector.

Blueberries Could Be NZ's Next $150m Horticultural Export

Blueberries Could Be NZ's Next $150m Horticultural Export

Blueberries have the potential to become a major horticultural export, earning up to $150 million within the next three to five years.

Westpac NZ Becomes First Bank to Accept Zespri Shares as Lending Security

Westpac NZ has become the first New Zealand bank to receive approval from the Reserve Bank of New Zealand (RBNZ) to secure and leverage kiwifruit growers' Zespri shares.

Government Backs $47.9m Kiwifruit Growth Programme

New Zealand's kiwifruit industry has welcomed Government co-investment in a new five-year programme designed to help growers produce higher yields of premium fruit, with less water, fewer nutrients and reduced environmental impact.

Zespri Breaks Records with $5.9 Billion in Global Kiwifruit Sales

Zespri's sales of kiwifruit for the 2025 season have broken all past records.

Popular Reads

Taupiri Farmers Chase Ownership After Awards Success

For Taupiri dairy farmers Logan and Sian Dawson, their involvement in the NZ Dairy Industry Awards has been a key…

80% of NZ Parents Say Dinner Planning Is Too Much Effort

"What's for dinner?" may sound like a simple question, but for many Kiwi parents, answering it has become a job…

Rabobank: China Quotas, Brazil Risk to Reshape Beef Trade

Chinese beef trade quotas and a looming suspension of Brazilian beef imports into the European Union are expected to reshape…

What Would Synlait Be Worth to Fonterra or a2 Milk?

Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question,…

NZ Apple Sector Pushes for Japan & Korea Market Access

The apple sector is working with the Government to unlock access to two key markets that could bring millions in…

Featured

2026 Fencing Industry Awards Winners Announced

Now in its fourth year, the 2026 Fencing Industry Awards, formed part of the proceedings of the FCANZ Conference, held in Nelson during August.

Cameron Henderson Reappointed Unopposed as DairyNZ Deputy Chair

DairyNZ deputy chair Cameron Henderson has been re-appointed unopposed for another term.

Editorial: Backing Dairy

OPINION: The stats speak for themselves.

DairyNZ Resilient Pastures Trial Expands Across North Island

Farms across the upper North Island are trialling different pasture mixes as part of a research programme that aims to build greater resilience into farming systems.

DairyNZ Sets Out Election Priorities for Dairy Farmers

Election years are always a concerning time for farmers, according to DairyNZ chair Tracy Brown.

Ballance Farm Environment Awards Launch on West Coast

The Ballance Farm Environment Awards are coming to the West Coast of the South Island.

National

Lanaco and Blueair Launch World-First NZ Wool Air Filter

New Zealand wool is reaching new heights as air filtration companies move away from synthetic products to biodegradable alternatives.

Opuha Dam Commissions New Valve in Major Flood Safety Upgrade

Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water…

Freshwater Farm Plan Changes Welcomed by Primary Sector

There's been widespread support from the primary sector for the Government's announcement on changes to freshwater farm plans that come…

Pāmu and Meet the Need Launch Mince Recipe Cards for Food Banks

A partnership between state-owned enterprise Pāmu (Landcorp Farming Limited) and charity Meet the Need is putting more than quality New…

Daniel Eb Defends Opportunity's Approach to Rural NZ

The Opportunity Party has faced criticism during the election campaign that its policies are too urban-focused and offer little for…

Machinery & Products

John Deere See & Spray Hits 10 Million Acres, 74% Savings

Developed in Australia and launched in 2021, John Deere’s See & Spray Select System uses camera-based green-on-brown technology to identify…

Fendt Ideal 2027: New Separation Area & Spreader Kit

Updates to the latest models of AGCO Group’s Fendt Ideal headers for 2027 sees a greater separation area and a…

Tyre Tosser: The Machine Taking the Chore Out of Silage

With the grass harvest just a matter of weeks away, farmers and contractors will be looking forward to cutting and…

Historic Claas Senator Combine Returns to Work in Suffolk

Fifty Eight years ago, on the 16th of August 1968, August Claas, the founder of the harvesting company and father…

Case IH Unveils Next Generation Puma Series Tractors

Case IH has unveiled its redesigned next generation Puma Series tractors, said to offer improvements in connectivity, operator comfort, fuel…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

The Hound

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…

» Connect with Rural News

RSS Facebook Twitter

» eNewsletter