Tuesday, 04 November 2014 00:00

Record returns forecast

Written by Rural News Group

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ZESPRI SAYS its forecast per hectare returns have broken $50,000 for the first time, predicting orchard gate returns per hectare of $51,047.

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.

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