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.
Zespri is forecasting its revenue from fruit and service payments will be up $155.8 million on last year.
In its August forecast it expects those payments, excluding the loyalty premium, to reach $1.07b for the 2015-16 season.
The current forecast is an increase of $155.8m vs the $915.8m achieved in 2014-15 season. The forecast will be updated this month, then again later in the year.
The August 2015 forecast for Green of $4.87 per tray sits at the lower end of the range previously published (July range $4.80 - $5.20) and compares to $6.01 in the 2014-15 season. But orchard productivity has substantially increased, so the August 2015 forecast per hectare return is $53,841, which is close to the same record return achieved in 2014-15.
August is the first forecast when Zespri puts out tray figures to the industry rather than a range.
The August forecast for Gold orchard gate return is $7.76 per tray, which is at the mid-point of the July range of $7.60 - $7.90 vs $9.80 last year. The per hectare return is forecast at $67,378 vs $73,890 last year.
Green Organic is forecast at $6.75 per tray (July range $6.70 - $7.00) vs $7.37 last year. The per hectare return is forecast at $49,565 vs $43,996 last year. Green14 is at $6.69 per tray (July range $6.50 - $7.10) vs $7.08 last year. The forecast per hectare return is $41,040 vs $29,682 last year.
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.
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