Tuesday, 04 June 2024 14:55

Zespri's up and down results

Written by  Peter Burke
Zespri ruby Red was almost on a par with the previous season. Zespri ruby Red was almost on a par with the previous season.

Up and down but not too bad in the circumstances. That's one way of describing Zespri's final result for the 2023-24 season.

Despite all the challenges, including weather, Zespri's global kiwifruit sales for the year were 2% up on the previous season to $3.99 billion, reflecting improved fruit quality and strong pricing secured throughout the season. This result was good considering that the actual number of trays of kiwifruit sold was down 10.5% to 164.2 million trays compared with 183.5 million sold in the previous season.

Zespri's net profit after tax was $173.3 million, down from $238.7 million in 2022/23, mainly driven it says by reduced licence revenue.

In terms of grower returns, those who fared best were those with Zespri green, Zespri green 14 and SunGold with their returns per hectare up on the previous season. However organic green and organic SunGold were down. Zespri ruby Red was almost on a par with the previous season.

Zespri's chief executive Dan Mathieson says the results reflect the industry effort to lift fruit quality, along with strong consumer demand for Zespri Kiwifruit, which he says is encouraging.

More like this

Positive first year for ZAG fund

As it enters its second year, Zespri says the first year of the Zespri Innovation Fund (ZAG), has been “really positive”.

Export prices set to remain elevated

Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.

Featured

'One more push' to eliminate FE

Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.

Winston Peters questions Fonterra divestment plan

Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Quid prod quo?

OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…

Deadwood

OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter