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"New Zealand still on track for a bumper apple season"

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The apple season will still be a bumper despite T&G Global's lower first-half-year profit forecast, says New Zealand Apples and Pears chief executive Alan Pollard and reported by FreshPlaza.

In a NZX announcement T&G Global reported a 49 per cent decrease in first-half-year profit, with poor weather contributing to harvest timing, quality, volume and margin.

"Inclement weather also affected third-party growing partners in New Zealand and internationally, leading to an overall decrease in the volume of fruit available," T&G Global said.

Profitability was also affected by the northern hemisphere where fruit was available for a longer period, delaying the switch to southern produce.

"These issues led to operating profit for the pipfruit division decreasing by $8 million from the same period last year."

Mr Pollard said that, for the whole season, it looked like it would be a similar result to last year nationwide.

"Last year was a record year, so if we do the same we equal our record - you can't complain about that," he said.

| A Fresh Plaza release |  August 25,  2017   |||