Peter McBride releases an update concerning Zespri's Indicative OGR ranges for 2018/19, the forecast 2018/19 range of the Total Fruit and Service Payment and Zespri’s forecast profit range and a summary of the results of the 2018 Gold3 licence release
Apr 19 - Scales Corp is eyeing potential agribusiness acquisitions that would fit well with its export apple business as the country's largest apple grower aims to become the foremost investor in and grower of New Zealand agribusiness
Water storage and irrigation are key for sustainable growth, says Mike Chapman, chief executive of Horticulture NZ. Chapman has his own views on the New Zealand situation: In the last two years, extreme climatic events have alternated between intense rain and drought. Last winter, heavy rain made vegetable growing difficult in the North Island.
Zespri Group have said that corporate revenue from the 2018 allocation of the Gold3 license release will be $190 to $195 million, or around $253,000-to-$260,000 per hectare, a figure that is up on the prior year.
New Zealand's kiwifruit exporter said in a release: The range is the combined revenue estimate resulting from 700 hectares of Gold3 licence, and 50 hectares of Gold3 Organic new development licence, both released under a closed tender bid mechanism. The validation process for all bids is still ongoing and all bidders will be notified of their outcome from May 1.
In the prior year, Zespri awarded 400 hectares of Gold3 licence, generating corporate revenue of $98.2 million, or around $245,500 a hectare.
For both the 2017 and 2018 Gold3 tender processes, Zespri has not provided deferred payment terms, and therefore the invoice amount for this release is due to be fully received by Zespri by the end of July 2018. A decision by the board on the payment of an interim dividend in relation to these licence proceeds will likely occur in July.
According to sharechat.co.nz, the Gold3 or SunGold variety has proven popular as it is more resistant to the Pseudomonas syringae pv actinadiae bacteria, better known as PSA.
Apr 06, 2018 - Infestations of Harlequin ladybirds in the Gisborne district could pose a threat to the horticulture and viticulture industries. The invasive species from Asia was first reported to the Ministry of Primary Industries in Auckland in 2016 and has since been found in the Waikato, Bay of Plenty and Taranaki regions. It has also been discovered at Te Karaka and in the Matokitoki Valley.