Zespri global sales top $5 billion for 2024–25 season amid strong demand
Zespri says global sales for the 2024-25 season topped $5 billion on the back of strong demand and market returns.
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.
Reuters reports that giant food company Wilmar Group has announced it had handed over 11.8 trillion rupiah (US$725 million) to Indonesia's Attorney General's Office as a "security deposit" in relation to a case in court about alleged misconduct in obtaining palm oil export permits.
DairyNZ is celebrating 60 years of the Economic Survey, reflecting on the evolution of New Zealand's dairy sector over time.
As electricity prices soar, farmers appear to be looking for alternative energy sources.
There is an appeal to New Zealanders to buy local citrus fruit.
Avocado growers are reporting a successful season, but some are struggling to keep their operations afloat following years of bad weather.
It's time to start talking up science again, especially as a career for young people. That's one of the key messages from the Prime Minister's new chief science advisor, Dr John Roche.
OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…
OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?