Zespri had another record kiwifruit season. Photo / NZME

Bay of Plenty kiwifruit growers will reap the rewards of another record Zespri season with fruit sales generating a total global turnover of $ 3.58 billion.

Increased sales, continued expansion of SunGold kiwifruit production and strong international demand were seen as contributing to a record result for Zespri’s 2020/2021 season.

Zespri’s 2020/2021 financial results released today show that total worldwide revenue from fruit sales reached $ 3.58 billion, up 14% from the previous year.

Total global operating revenue increased 16% to $ 3.89 billion. Global sales volumes increased 10 percent from the previous year to 181.5 million trays.

Direct returns from New Zealand industry rose 15% to $ 2.25 billion despite uncertainty over Covid-19.

The income is spread across many regional communities, including the Bay of Plenty, Northland, Nelson, Gisborne and Waikato, providing support to individuals, communities and businesses across the country.

There were good yields both per tray and per hectare.

Zespri Green’s average yield per tray rose to $ 7.51, with the average yield per hectare reaching $ 76,722.

Zespri Organic Green achieved an average yield per tray of $ 10.53 and an average yield per hectare of $ 66,453.

The average yield of the Zespri SunGold kiwifruit rose to $ 12.46 per tray, and the average yield per hectare also hit a record high of $ 177,846.

Zespri Organic SunGold kiwifruit had a yield per tray of $ 15.36, with the average yield per hectare reaching $ 158,599.

Zespri Sweet Green achieved an average yield per tray of $ 10.14 and an average yield per hectare of $ 56,853.

Zespri’s non-New Zealand supplies sales increased to $ 472.8 million, while Zespri’s after-tax net profit was $ 290.5 million, from $ 200.8 million the previous year.

Zespri Chairman Bruce Cameron said the results reflected continued strong demand for its kiwifruit around the world, driven by hard work and industry investment to increase demand and supply.

“After a season where we have been forced to make such significant changes to our operations with a focus on the safety of our employees, the distribution of our fruits around the world and continued investments for the future, it is nice to see such encouraging results for the industry. .

“The demand for Zespri Green and Zespri SunGold kiwifruit has increased and we are pleased to see the growing interest in our new variety, Zespri Red, which is a testament to our industry’s continued investment in innovation and the search for new ways to add value to New Zealand and our international production bases. “

Zespri CEO Dan Mathieson.  Photo / George Novak
Zespri CEO Dan Mathieson. Photo / George Novak

Zespri CEO Dan Mathieson said the 2020/21 season has once again shown the strength of the Zespri brand in terms of adding value, attracting new consumers and supporting communities.

“The unity of our industry has enabled us to respond effectively to the incredibly difficult conditions around the world.

“This response was underpinned by our investment in the Zespri brand, the trust we have established with our customers and consumers around the world, and the resilience and adaptability of our supply chain and our sales and marketing teams. . “

Mathieson said the team’s efforts and the supply chain were “critically important.”

“We are extremely proud of the way they responded and of the members of our team who still face the continued impacts of Covid-19 around the world.

It was also encouraged by sales growth from Zespri’s non-New Zealand offering, with strong returns for its partners in Italy, France, Japan and Korea.

“These production bases are an essential part of Zespri’s 12-month sourcing strategy.”

With New Zealand’s 2021/22 season well under way, almost all Zespri SunGold kiwis have been put into inventory and Green’s harvest is in full swing.

Mathieson said Zespri expects another record harvest this year, again supported by the expansion of production of Zespri SunGold Kiwifruit and Zespri Red.

“Our sales and marketing programs are in full swing and demand from our markets is incredibly high, our fruit is selling fast.

“However, we face headwinds including industry capacity constraints, rising costs and securing enough people to get our fruit to the world, as well as pandemic-related disruptions. in our shipping and distribution channels in some of our markets.

“We are working hard as an industry to overcome these challenges in order to provide continued positive value to all of our stakeholders and to New Zealand as we continue to grow as an industry, although we expect them to. will remain a problem in the medium term. “

Mathieson said a record $ 2.25 billion will be returned to New Zealand’s kiwifruit industry, supporting jobs and communities across the country.

“We know that our success is only possible with the support of our communities and it is important for us to continue to recognize this.”

In 2020/21, Zespri first partnered with KidsCan and Ronald McDonald House and shared over 100 tonnes of fresh kiwifruit with organizations across the country.

“We were also pleased to launch the first Zespri Young and Healthy virtual adventure, helping to teach 20,000 young New Zealanders the importance of eating well, exercising and caring for the environment. .

“And we have supported a number of important causes in our markets around the world as part of
of our goal of helping people, communities and the environment thrive.

“These efforts will grow as our industry does and as we strive to ensure a positive impact around the world.”

Summary of financial results 2020/21:

• Zespri’s global operating revenue: $ 3.89 billion

• Zespri fruit worldwide turnover: $ 3.58 billion

• Total payments for fruits and services grown in New Zealand, including loyalty bonus: $ 2.25 million

• Zespri trays sold worldwide: 181.5 million trays

• Zespri net profit after tax: $ 290.5 million

• Total expected dividends: $ 1.33

More about this article: Read More
Source: www.nzherald.co.nz
This notice was published: 2021-05-27 06:03:25

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