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.
The 2013 New Zealand kiwifruit season has already set records for the best-tasting Zespri Kiwifruit ever.
With harvest nearly completed, on-orchard sampling has confirmed what Zespri consumers have been saying – that this year is a vintage taste year for Zespri Kiwifruit.
Carol Ward, Zespri general manager marketing, says every block of every Zespri-supplying orchard is tested for levels of dry matter before harvest, with dry matter corresponding to sweetness in ripe fruit.
"We're seeing the highest-ever levels of dry matter for all categories of Zespri Kiwifruit, which means a vintage year for fantastic-tasting fruit. Dry matter is up substantially in all our varieties– so the fruit is tasting great.
"These record levels of dry matter are consistent across the industry, which means the overwhelming majority of Zespri Kiwifruit fall into the highest taste category.
"Our offshore marketing teams are telling us that this is driving very strong repeat purchasing by consumers. Consumer research has confirmed that the higher levels of dry matter convert to sugars in the fruit and this is proven to increase both consumers' enjoyment of the fruit and their intention to purchase again," says Ward.
The record sunshine levels in New Zealand this summer have contributed to this record-tasting vintage crop. Most of Zespri's New Zealand kiwifruit is grown in the Bay of Plenty region, which has had the highest sunlight levels in January, February and March this year since records began on modern equipment in 1992. This corresponded to the lowest rainfall levels on record, which has resulted in slightly smaller but great-tasting kiwifruit.
"Our marketing teams have been overwhelmed by the positive reaction from customers and consumers to the fantastic taste across all varieties of Zespri Kiwifruit this season, which has helped kick off a really strong start to the 2013 selling season around the world," says Ward.
Paynes Titus Excelsior ET, an LIC bull bred by Brad Payne and Claire Brodie in the Waikato, has won the JT Thwaites Sire of the Season 2026 Award.
South Canterbury farmer Colin Hurst has been elected as the new president of Federated Farmers.
Dairy continues to be the mainstay of the country's primary export earnings.
China remains New Zealand’s biggest market, taking $23 billion of our exports, but it’s no longer a commodity story, says Prime Minister Christopher Luxon.
For Jane Smith, becoming a Ravensdown director has been a way she can actively contribute to something quite personal to her - protecting and strengthening a co-operative she deeply believes in.
Lactalis New Zealand has opened a new distribution centre in Christchurch, marking a significant investment in the company's South Island supply chain capability.

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