Zespri kiwifruit record increased returns despite industry decline

Rural Exchange 27/05/2018

Zespri has announced its result for the 2017/18 year.

They've seen increased returns despite a season in which the volume of New Zealand kiwifruit sold fell by 11 percent.

Zespri’s global kiwifruit sales for the year were up six percent at $2.39b total revenue, which includes Zespri licensing income to growers of $2.51b.

Zespri chief executive Dan Matheson joined Rural Exchange to break down the reasons for their success.

He says the results are “really pleasing”.

“Our Green [fruit] volume dropped considerably from the previous two years but we had record crop growth.

“We were able to offset volume reduction with a really strong lift in value that was driven by increasing consumer demand for premium quality kiwifruit,” Mr Matheson told Rural Exchange.

He also explained to RadioLIVE the increased popularity of Sun Gold fruit, the key markets for New Zealand kiwifruit, and how they use fruit from Chile and Italy to fill supply gaps.

Watch the full interview with Dan Matheson above.

Rural Exchange with Hamish McKay, Sarah Perriam and Richard Loe, 5-7am Saturday and Sunday on RadioLIVE with Carter’s Tyre Service. Click here for all the ways to watch and listen.