6th May 2024 Kiwifruit / Zespri
Zespri has halted trading of its ZGL shares on the trading platform Unlisted Securities Exchange to allow for its 2024 SunGold auction to take place.
Zespri is now underway with its European sales season after mice on its first shipment into the region caused a delay.
Kiwifruit producer Tirofruit says its crops are yielding some of the best results the business has seen.
Zespri says around a million trays or 3,600 tonnes of its RubyRed kiwifruit are expected to be devoured this season.
CEO Michael Franks says the 2023 harvest was difficult with a warm wet winter, cyclones and hail affecting orchards.
CEO Dan Mathieson says all categories other than Organic SunGold are expected to deliver record per-tray returns.
New Zealand kiwifruit growers are cautiously optimistic that the 2024 season will be much better than recent years.
The Ministry for Primary Industries’ Sustainable Food and Fibre Futures Fund is backing Māori Kiwifruit Growers’ export potential.
More than 300 jobs are being offered at a series of February hiring days as this year’s kiwifruit season takes off in Te Tai Tokerau.
Zespri is now 83% sold through, compared with 74% sold through at the same time last season, with a smaller crop this year.
Seeka remains on track for a full-year loss of between $20m – $25m this year after a punishing period for its foundation kiwifruit business.
US produce distributor David Oppenheimer and Company, trading as Oppy, is recalling repacked Zespri brand organic green kiwifruit because government testing found Listeria monocytogenes in a sample.
Kiwifruit New Zealand is inviting applications for new, or reviews of existing multi-year, collaborative marketing arrangements for the 2024 export season.
The 2023 harvest of New Zealand’s largest horticultural export has largely ended with the crop now being shipped to overseas markets.
This year’s challenging weather and reduced yields across its supplier orchards has led to lower export expectations.
New Zealand Kiwifruit Growers Inc says it has received a strong mandate from kiwifruit growers for the next six-year kiwifruit levy cycle.
Eating two green kiwifruit a day can improve your sleep quality and mood, and leave you feeling refreshed in the morning, according to new research.
Produce handler and exporter Seeka was hit by a smorgasbord of disruption in 2022 borne out in a 56% drop in net profit in its full year results.
The latest estimate from Zespri indicates that around 70% of the kiwifruit producing area in the Hawke’s Bay and 25% in Gisborne suffered moderate-to-significant damage from Cyclone Gabrielle.
New Zealand’s 2023 kiwifruit harvest has kicked off with the first crop picked this morning in Pukehina, outside Tauranga, and more kiwifruit to be picked around New Zealand over the coming months.
Zespri chief executive Dan Mathieson has apologised to growers for an incorrect forecast that has seen the co-op suspend progress payments.
CEO Dan Mathieson says provisional fruit loss in shipments to Asia and Europe neared 20% in Q4.
Zespri estimates the total 2023 kiwifruit crop will be approximately 10% less than volumes harvested in 2022, according to its latest market update.
Lifting the quality of harvest practices provides a key opportunity to improve the quality of next season’s kiwifruit, according to Zespri’s November market update.
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Kiwifruit specialist EastPack intends to raise $30m via an issue of five-year subordinated notes to New Zealand investors.
Zespri is reducing licensing for RubyRed and won’t be releasing any more Organic SunGold Kiwifruit license in 2023 following a review licence arrangements for next year.
Kiwifruit sector Orchard Gate Returns are likely to be revised down as a result of the quality issues experienced this season, according to Zespri.
Zespri said that the frost event on 6 October could also hit up to a quarter of its planned RubyRed crop.
While many kiwifruit growers are still counting the cost of recent frost on their crops, NZX-listed exporter Seeka made an early assessment of the damage to its fruit.
The Environmental Protection Authority has released a summary report of submissions about hydrogen cyanamide, a key chemical used in the kiwifruit industry.
The company says it has a challenging second half of the year ahead after navigating a bruising first six months.
A kiwifruit orchard containing one of the country’s biggest plantings of Zespri’s Ruby Red fruit variety has been placed on the market for sale.
The 2022 kiwifruit harvest has not shaped up to deliver the record breaking crop that was expected, according to New Zealand Kiwifruit Growers Inc.
Seeka expects its 2022 kiwifruit harvest will fall short of forecasts due to lower crop volumes and a tight labour market, but said that it is too early to provide current year earnings guidance.
Kiwfruit marketer and exporter Zespri has lifted its annual trading halt.
Zespri is procuring 14m SunGold kiwifruit trays ahead of market demand, in advance of main-pack, to ensures it has the volume of gold it need to meet increased market demand.
NZ solidifies its position as the world’s largest kiwifruit exporter, with strong global demand indicating more headroom for growth.
Zespri is forecasting its total fruit and service payment for the 2021-22 season to be $2.38bn, up from $2.25bn last season.
The kiwifruit sector is forecasting a record harvest this year of at least 190 million trays.
Gisborne District Council is appealing a decision from the Land Valuation Tribunal, relating to the capital value of a gold kiwifruit orchard in the Gisborne district.
In its latest five-year outlook released on Thursday, the kiwifruit co-op said it expected New Zealand-produced Class 1 supply to grow from 178 million trays in 2021-22 to 238 million in 2026-27.
Seeka says it expects net profit before tax at the upper end of its $22m and $24m guidance range for FY21 thanks to an expected Crown settlement payout over the arrival of the vine killing disease PSA.
The last of this year’s crop of Zespri Kiwifruit has left Port of Tauranga, concluding another strong but challenging season of New Zealand-grown kiwifruit, says the co-op.
Zespri has increased its forecast SunGold kiwifruit returns to $11.05 per tray for the 2021-22 season, up from the $10.92 guided in August.
Seeka says all the conditions of its $6.55m deal to acquire Kerikeri-based kiwifruit grower Orangewood Limited have now been met.
More time has been added for submissions on the potential phase-out of hydrogen cyanamide, an active ingredient in sprays commonly used by kiwifruit growers.
New Zealand’s largest kiwifruit grower has upgraded its profit guidance for FY21.
The quantity of SunGold Kiwifruit licence to be released in 2022 has been slashed in half to 350 hectares.
Zespri RubyRed will hit the shelves in commercial volumes in March with around 250,000 trays expected.
Zespri says a proposal to end the use of hydrogen cyanamide will likely hit kiwifruit industry earnings.
Seeka has made an offer to acquire Kerikeri-based kiwifruit grower Orangewood Limited.
New Zealand’s largest kiwifruit grower, Seeka, posted a sharp rise in net profit before tax in the six months ended 30 June, up 77% to $30.8m compared with the same six months last year.
Six hundred new native plantings have been established in the Bay of Plenty to support kiwifruit pollination and encourage bio-diversity, says Plant & Food Research.
New Zealand’s largest kiwifruit grower, Seeka, has bought a $2.6m minority stake in hort tech startup Fruitometry.
New Zealand Kiwifruit Growers Inc has reported on a successful kiwifruit industry harvest resulting in a record crop, despite a labour crisis caused by border closures restricting Working Holiday Visa holder numbers.
A study examining the effects of green kiwifruit on sleep quality and the sleep-wake cycle in healthy males has been awarded HVN funding.
Zespri’s northern hemisphere kiwifruit crop for the 2020-21 season has been sold for $472m, up 27.9% on the previous season.
The Kiwifruit Vine Health board is calling for nominations for one grower director for a term of three years.
DMS Progrowers is doubling the size of its existing Te Puke packhouse investing $40m into the project.
Seeka has been officially welcomed to Ōpōtiki to celebrate its purchase of Ōpōtiki Packing and Cool Storage.
The total canopy area of gold kiwifruit has now surpassed that of the green variety, according to final agricultural production figures from Stats NZ.
A certificate of amalgamation is imminent, formalising the kiwifruit specialists’ deal.
A kiwifruit landholding owned and managed by Seeka has been placed on the market for sale.
Grower support and banking thresholds are the only hurdles remaining.
The Bay of Plenty-based company is looking to expand its footprint in the kiwifruit sector.
Zespri is progressing its plan to move against the unlawful growing of kiwifruit in China as illegal plantings increase.
The 2021 kiwifruit season has begun, forecast to overtake last year’s last year’s record of 157 million trays of export green and gold.
The Te Puke-based produce handler more than doubled its annual profit in FY20.
The New Zealand Kiwifruit Growers Inc is offering a harvest “taster day” to tempt job seekers to take up employment in the kiwifruit industry.
The sector had brought a claim for $450m plus interest.
Rajasekar Chellappa, former owner of Raj Kiwi, failed to pay minimum wage to six workers.
The kiwifruit exporter gets the go-ahead for a sale and leaseback deal, unlocking more profit for the year.
Bay of Plenty’s Mount Pack & Cool plans to expand its operations in 2021.
A new Plant & Food Research project will investigate the bacteria.
Kiwifruit Vine Health and the Bay of Plenty Regional Council will work together.
Kiwifruit production could be optimised by upping the female flowers in an orchard.
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