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Zespri Group: Gold3 licensing tender to generate $195 million in 2018

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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, the Gold3 or SunGold variety has proven popular as it is more resistant to the Pseudomonas syringae pv actinadiae bacteria, better known as PSA.


{ A FreshPlaza release }  ||  April 18, 2018   |||




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