Zespri Reports Record NZ$5.9 Billion Revenue in 2025/26 Season
Zespri says its global fruit sales revenue has reached a record NZ$5.9 billion from sales of 248.1 million trays.
Zespri has released its November forecast for the 2023/24 season, with Green, Organic Green and RubyRed per tray returns forecast at record levels, and Zespri SunGold varieties well up on last season.
Green proved a particular standout, with the latest forecast Green per tray returns at a record level of $9.00. This compares to last season's final Orchard Gate Return (OGR) of $5.78 per tray.
For Zespri Organic Green, the forecast per tray is at $12.00, up from last season’s final OGR of $8.68.
For Zespri RubyRed, the OGR per tray is forecast at $26.10, above last season’s final OGR of $22.27.
Forecast SunGold Kiwifruit returns are at $12.35, well above last season’s final OGR of $9.97, and forecast returns for Organic SunGold are also up at $14.15. The November forecast returns are up across all categories on the August forecast mainly due to improved fruit quality this season.
Zespri chief executive Dan Mathieson says the results reflect the strong and growing demand for Zespri Kiwifruit, as well as the huge effort the industry has put into improving fruit quality this year.
“It’s really pleasing to be able to deliver this positive news and to show growers that their hard work and focus on quality is being rewarded in market,” says Mathieson.
He says the result is a particularly good one following a tough couple of years in which growers have been under pressure trying to manage ongoing cost increases, labour shortages, regulatory changes, and climate change.
“We’ve received positive feedback from our customers throughout the season on the improvement in fruit quality – our efforts have been really appreciated by them – and they also keep telling us how they want even more of our Zespri Kiwifruit next season,” Mathieson says.
However, Mathieson says the job on quality isn’t done yet, adding that the company will be continuing to focus on it as it looks to 2024.
“As we have this year, it’s going to need everyone across the industry doing their part so we build on the positive changes we’ve made – as that’s crucial to returning more value back to growers,” he says.
“One thing our growers can have confidence is whatever fruit we can get to market in the right condition will sell and sell well,” he concludes.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
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