Tuesday, 04 June 2024 14:55

Zespri's up and down results

Written by  Peter Burke
Zespri ruby Red was almost on a par with the previous season. Zespri ruby Red was almost on a par with the previous season.

Up and down but not too bad in the circumstances. That's one way of describing Zespri's final result for the 2023-24 season.

Despite all the challenges, including weather, Zespri's global kiwifruit sales for the year were 2% up on the previous season to $3.99 billion, reflecting improved fruit quality and strong pricing secured throughout the season. This result was good considering that the actual number of trays of kiwifruit sold was down 10.5% to 164.2 million trays compared with 183.5 million sold in the previous season.

Zespri's net profit after tax was $173.3 million, down from $238.7 million in 2022/23, mainly driven it says by reduced licence revenue.

In terms of grower returns, those who fared best were those with Zespri green, Zespri green 14 and SunGold with their returns per hectare up on the previous season. However organic green and organic SunGold were down. Zespri ruby Red was almost on a par with the previous season.

Zespri's chief executive Dan Mathieson says the results reflect the industry effort to lift fruit quality, along with strong consumer demand for Zespri Kiwifruit, which he says is encouraging.

More like this

Featured

Lincoln Student Awarded Dairy Scholarship

The South Island Dairy Event has announced Jessica Findlay as the recipient of the BrightSIDE Scholarship Programme, recognising her commitment to furthering her education and future career in the New Zealand dairy industry.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Penny Pinching

OPINION: A mate of yours truly reckons rural Manawatu families are the latest to suffer under what he calls the…

New Order

OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter