MPI Hails Kiwifruit Boom as Horticulture Revenue Surges Past $9 Billion
Ministry for Primary Industries (MPI) Director General Ray Smith is giving a big shout-out to the horticulture sector, especially kiwifruit.
This compares to $42, 659 for the 2013 season.
The October forecast Green return per tray has increased to $5.71 from $5.34 forecast in August, supported by price increases in Europe.
The October forecast for Gold is $9.57 per tray, up from an August forecast of $9.36; Organic Green $6.81, up from $6.35; and Green14 $6.98, up from $6.93.
The total fruit and service payment, across all pools and excluding the loyalty premium, is forecast at $882.46 million, up from $856.2 million in the August 2014 forecast.
The Zespri net profit is forecast to be $22 million to $27 million including recognising $6.3m of Gold licence revenue from prior seasons not yet received.
