12th May 2022 Zespri
To help ease port congestion as a result of China’s Covid-19 restrictions, Zespri has redirected one vessel scheduled to go to mainland China and Taiwan to Japan and Taiwan.
Zespri has stood up a number of work-arounds in China to combat Covid-19 lockdowns which are slowing the distribution of kiwifruit from Shanghai port.
Kiwfruit marketer and exporter Zespri has lifted its annual trading halt.
Kiwifruit marketer Zespri says its revenue as a result of its SunGold and RubyRed licence release is anticipated to be between $290m and $305m, exclusive of GST.
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.
Kiwifruit grower Zespri will go into a trading halt on the Unlisted Stock Exchange from tomorrow at 5 o’clock for three weeks.
Kiwifruit exporter Zespri has estimated that Illegal plantings of New Zealand’s gold kiwifruit in China have doubled in the last year.
Zespri has created a board specifically to focus on its sustainability goals.
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 industry has exceeded the first year requirements under the New Zealand government’s primary sector partnership on climate action, He Waka Eke Noa, says Zespri.
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.
The kiwifruit co-op is reviewing its innovation model and is calling for input from stakeholders.
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.
T&G Global and Zespri are partnering with Plant & Food Research to develop regenerative horticulture practices within the kiwifruit, apple and berry industries.
Zespri says the industry is now planning for a substantial labour shortage for the 2022 season.
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.
“Despite a challenging season, market demand remains positive, following the Northern Hemisphere summer fruit period,” Zespri said.
Zespri and Plant & Food Research’s Kiwifruit Breeding Centre 50/50 joint venture opens its doors this week.
The 350 biggest global food firms are assessed on their environmental, nutritional and social impact. Who is leading and who is lagging?
Zespri says a proposal to end the use of hydrogen cyanamide will likely hit kiwifruit industry earnings.
Kiwifruit exporter Zespri says it continues to work constructively with authorities following a positive test result for Covid-19 in China on a sample of fruit from the Bay of Plenty.
Zespri says it has launched its emergency management plans and is co-operating with the relevant government agencies after a sample of its kiwifruit from the Bay of Plenty tested positive for Covid-19 in China.
Labour shortages, increased kiwifruit supply, and shipping disruptions are leading to the one of the most challenging seasons in decades, says Zespri.
Fonterra, Zespri, and Foodstuffs are heavyweights in NZ’s top 30 co-operative rankings.
With New Zealand remaining in lockdown until at least Tuesday 24 August, Zespri’s scheduled grower roadshows starting today, 23 August have been postponed.
Zespri and Plant & Food Research will launch their 50/50 joint venture Kiwifruit Breeding Centre on 1 October 2021.
Zespri says its Horizon Programme to upgrade its ageing internal systems and processes will cost about $160m over the three- to four-year life of the project. The co-op said on MORE »
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 giant said it delivered record per tray returns across all categories in the 2020/2021 season.
Zespri Group has appointed the former Goodman Fielder and Griffins Foods chief executive Alison Barrass to its board as an independent director.
Zespri resumed trading on the USX at 9am Friday 23 April. The company halted the trading of its shares on Wednesday 7 April to allow the finalisation of its 2021 MORE »
The co-op says the preliminary result compared to last year’s range of $300m-$305m.
Zespri has been placed in a trading halt on the USX to allow the finalisation of the 2021 Gold3 and Zespri Red tender process.
Zespri is progressing its plan to move against the unlawful growing of kiwifruit in China as illegal plantings increase.
Zespri’s first charter shipment of New Zealand fruit is due to depart in March.
A difficult 2020 has seen the the industry demonstrate its resilience, says Zespri chair Bruce Cameron.
Zespri has outlined its sustainability strategy to the Sustainable Business Council.
Carol Ward has been appointed chief grower, industry and sustainability officer.
The kiwifruit exporter and the Crown Research Institute already have a 30 year working relationship together under their belts.
The Science New Zealand 2020 National Awards were held on Thursday night.
Zespri intends to sign a Memorandum of Understanding with government officials in China .
It comes as demand for the variety across the globe remains strong.
Twenty thousand children across 250 schools are taking part in a Zespri Young and Healthy Virtual Adventure.
The kiwifruit co-op is bolstering its shipping fleet by adding three new vessels.
Zespri and Synlait have been named as finalists in the Deloitte Top 200 Awards for 2020. The kiwifruit co-op has been nominated for two awards, Company of the Year and MORE »
Zespri’s chief executive Dan Mathieson has been appointed to the Produce Marketing Association Board.
Zespri has started a procurement trial in China to try and combat illegal plantings of its SunGold kiwifruit.
Thousands of Kiwi children are beginning a five-week Zespri-led virtual adventure promoting the importance of taking care of themselves and the environment. The Zespri Young and Health Virtual Adventure began on MORE »
Following a three-month-long sourcing process, Zespri has confirmed its sampling and maturity clearance testing providers.
Zespri says it is placing further focus on the “critical” role of innovation and realigning its business towards growth.