Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast
More signs of a booming kiwifruit sector.
Zespri chief executive Dan Mathieson says when he was at a food fair in Germany recently, buyers of NZ kiwifruit raised the issue of quality with him.
He says they told him the quality of fruit last season was not up to the high NZ standard they expected and were seeking assurances that there would be an improvement in 2023. Mathieson says the message from them was that there was enormous growth potential if the quality was up to standard.
"I was able to give them an assurance that it would be and that NZ kiwifruit industry right along the supply chain is working to ensure that this happens."
Mathieson says the industry is confident it can improve quality this year and points to several factors that will drive this. He says for a start, there are more people, including backpackers available to pick the fruit so it won't be a hurried pick as was the case last year. He says the pickers are better trained and growers themselves and others along the supply chain will be closely monitoring how the fruit is handled to ensure it's not damaged.
He adds that they will be paying close attention right through to the market on the issue of fruit handling.
"We know if we can get the quality issue resolved there is so much opportunity for us to sell at great value around the world and at the top end of the market."
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.