Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast
More signs of a booming kiwifruit sector.
Zespri has no financial exposure to Dalian Yidu, the north-east Chinese importer who reportedly has had nine staff arrested by Chinese customs.
“Dalian Yidu imports many New Zealand and global agricultural products. It is one of Zespri’s importers into China, dealing with less than 5% of Zespri’s China volume,” a Zespri spokesman told Rural News.
“Zespri’s NZ supply season to our markets, including China, finished quite a while ago and Zespri has no financial exposure to Yidu. There is nothing to indicate this investigation involves Zespri kiwifruit.”
Dalian Yidu is one of four of Zespri’s importers in China, a spokesman confirmed.
The Ministry for Primary Industries is aware of the issue and is monitoring the situation as a part of our normal market access work.
“Regarding any other companies using this importer, the commercial arrangements between New Zealand exporters and overseas importers are confidential to the parties involved,” a spokesman says.
“MPI has been told, however, that the importer concerned does import other New Zealand commodities from other primary production sectors. The ministry does not hold information on the specific exporting companies.”
Nine staff at Dalian Yidu are understood to have been arrested in relation to importing prohibited fruit and alleged under-declaration of customs duties.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.

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