KiwiBrothersTM make their China debut
Zespri has unveiled the award-winning KiwiBrothersTM mascots in China for the first time to market its large kiwifruit crop.
Zespri's net profit — after tax — for 2017-18 increased by 38% to $101.8 million.
It says the result was primarily driven by revenues from the release of 400ha of SunGold licence in 2017, as part of Zespri’s continuing programme to fulfil consumer demand.
The total dividend returned to shareholders was 76 cents per share, versus 25c/share in the previous season. The payout included an additional interim dividend of 50c/share to distribute most of the funds generated through the 2017 SunGold licence round.
Sales volumes through the non-New Zealand supply segment, that enables Zespri to supply consumers with kiwifruit 12 months of the year, fell by 8%.
Supply of Green was reduced because of a damaging frost in Italy. However, SunGold sales in Italy increased to offset the fall, with the Zespri Global Supply business recording total sales revenue of $264m, up from $217m in 2016-17.
Zespri chief executive Dan Mathieson says they anticipate record production of NZ and non-NZ kiwifruit this year driven by increasing supply of SunGold and a recovery in supply of Green.
“Our challenge is to continue to lift our performance by staying focused on improving the execution of our brand-led, consumer-focused strategy, supported by excellence in marketing and strong, connected partnerships with growers, suppliers, distributors and retail partners.”
Coronet Peak, Queenstown, was the venue for the 2024 NZ Dairy Industry Awards.
AgriZeroNZ, the joint venture (JV) fast-tracking emissions reduction tools for Kiwi farmers, is looking to speed up delivery of a methane vaccine with a $10m investment in US ag-biotech start-up, ArkeaBio.
The Ministry for the Environment (MfE) has found itself in a stoush with NZPork over the controversial National Policy Statement for Highly Productive Land (NPS-HPL).
Fonterra says the sale of its global consumer business and its Oceania and Sri Lankan operations could take 18 months to complete.
The lobby group the Methane Science Accord (MSA) says it welcomes a recent government move to seek outside advice on reducing biological methane targets, rather than relying on recommendations made by the Climate Change Commission.
Well-known scientist Jock Allison has passed away.
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