Zespri unveils innovation fund
Zespri has announced the establishment of a new innovation funding initiative, known as ZAG.
No surprises, it's been a bad year for the kiwifruit sector with the final numbers recently released by Zespri.
These show that total global revenue from fruit sales for 2022/23 was $3.92 billion – down 3% on the record result in the previous season. Global sales volumes were also down, from 201.5 million trays to 183.5 million trays.
Zespri say that the value of kiwifruit lost because of quality issues in 2022/23 was $534 million – well up from the $307 million in the previous season. To top it off, increased costs also reduced grower returns with the return per tray for Zespri Green in 22/23 $5.78, compared to $6.35 the previous year, while returns for Sun- Gold were $9.97, down from $11.51 in 21/22.
Zespri chief executive Dan Mathieson says the results are indicative of what’s been a very difficult period for many primary industries, with growers facing challenges relating to the labour shortage, the ongoing impacts of Covid-19, the climate and rising costs.
“This was one of our toughestever seasons and the industry worked incredibly hard to deliver our fruit to market, despite facing an extraordinary number of challenges, including a significant labour shortage.”
Mathieson says the results illustrate the importance of the industry’s efforts to improve quality, which remains a key driver in delivering stronger returns in future years.
He says this is a challenging period for growers, particularly Green growers, given the fact there will also be lower volumes of fruit in the 2023/24 season.
“While conditions remain challenging, the first shipments of the 2023/24 season have been well received by our customers, indicating initiatives from the industry’s Quality Action Plan are helping reduce quality costs and keeping poorer quality fruit onshore,” he says.
A calf born at a Waikato Holstein Friesian stud has stunned her owner with her incredibly high credentials – surpassing his hope that she was going to be one out of the box.
Genetics may be one of the tools Fonterra farmers can tap into to reduce on farm emissions, according to LIC.
Agriculture and Trade Minister Todd McClay plans to visit India in the next fortnight, his first trade mission since the formation of the Government.
Australia's largest dairy co-operative Norco is back making ice cream, 18 months after a catastrophic flood destroyed its manufacturing plant.
Danish dairy co-operative Arla Foods is accelerating sustainability efforts on farm to help customers achieve their reduction targets for scope 3 emissions targets.
While New Zealand seems to be treading water on the subject of pricing emissions and the future of He Waka Eke Noa (HWEN), pending a new government, the Netherlands has been clearer on its proposed farm buy-out scheme, as part of its effort to reduce nitrogen emissions by at least 55% by 2030.
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