Zespri global sales top $5 billion for 2024–25 season amid strong demand
Zespri says global sales for the 2024-25 season topped $5 billion on the back of strong demand and market returns.
ZESPRI’S GOLD crop will be down about 45-50% this year, but there are positives to the season.
That reduction is mostly due to about 70% of Gold growers grafting to the new Psa-resistant cultivar G3, rather than to the effects of the vine-killing disease itself.
Meanwhile, Green volumes will be the same as last year at 70 million trays. The impact of Psa on Green volumes has been “negligible”, says Simon Limmer, Zespri’s general manager of grower and government relations.
About two years of full production are lost in the transition from the old Gold variety to the new G3, he says. Gold, at 13 million trays, this season is about 45-50% down on last season and even further on the previous peak season. But this year should be the lowest volume year in the recovery phase.
“Growers have had to cut the heads off their old vines and graft a new variety into their trunk and it will take a couple of years before they start getting meaningful production. By December this year we should see confirmation of the recovery and volumes start to grow again for next season. But we won’t recover back to previous volumes for a couple of seasons.”
But the new variety, G3, is “looking really good”. “We’ve been lucky with the summer. The drought was disastrous for most of the primary sector. But for kiwifruit it had two positive effects: it countered Psa and it created high tasting kiwifruit – a vintage crop – so that’s helping in the marketplace.
“And despite some of the challenges economically in places like Europe and despite the strong headwind from a strong New Zealand dollar, the markets are performing pretty well.”
Market conditions, smaller volumes and good tasting fruit all translate into good returns, but “it is a bit early to conclude how the season is going to do”. The season closes in October-November.
Irish meat processor Dawn Meats is set to acquire a 70% stake in Alliance Group, according to a report in The Irish Times.
New Zealand's red meat sector says the United States' decision to increase tariffs on New Zealand exports is disappointing.
Waikato-Bay of Plenty farmer Hugh Jackson recently secured this year’s FMG Young Farmer of the Year title in Invercargill.
From nitrogen limits to ecosystem restoration –farmers and catchment groups are leading a new wave of environmental care, says DairyNZ.
OPINION: The Government's decision to stop local authorities going ahead with reviews of district and regional plans makes sense for several reasons.
With June ending and following the most upbeat National Fieldays for several years, tractor dealers are reporting a lift in sales.
OPINION: Your old mate's ear has been chewed off recently by farmers voicing their displeasure with the National Party, particularly…
OPINION: Your old mate hears that at a recent China Business Summit, PM Christopher Luxon delivered a none-too-subtle "could try…