{"id":20144,"date":"2024-03-26T09:40:41","date_gmt":"2024-03-26T09:40:41","guid":{"rendered":"https:\/\/dev.selinawamucii.com\/news\/?p=20144"},"modified":"2024-03-26T09:40:42","modified_gmt":"2024-03-26T09:40:42","slug":"new-zealands-kiwifruit-exports-to-rebound-with-190-million-trays","status":"publish","type":"post","link":"https:\/\/dev.selinawamucii.com\/news\/2024\/03\/26\/new-zealands-kiwifruit-exports-to-rebound-with-190-million-trays\/","title":{"rendered":"New Zealand\u2019s kiwifruit exports to rebound with 190 million trays\u00a0"},"content":{"rendered":"\n

After plummeting from 171 million trays in 2022 to 136 million trays in 2023, New Zealand\u2019s kiwifruit exports point towards a great 2024 rebound.<\/p>\n\n\n\n

According to aggregate exporter, Zespri, the 2024 crop will reach\u00a0190 million trays<\/u><\/a>\u00a0and will raise per-hectare returns.<\/p>\n\n\n\n

This is happening when the northern hemisphere, where Zespri<\/u><\/a> operates off-season orchards, is experiencing very tight supplies.  Greece ended its kiwi season all too soon while its Mediterranean neighbor, Italy, had a low 2023-24 crop.<\/p>\n\n\n\n

Now attention is on the two main early kiwifruit varieties from New Zealand, namely Zespri SunGold and Zespri Green. Both will account for a share of the expected 39.7% increase in year-on-year shipments.\u00a0<\/p>\n\n\n\n

Zespri, which exports all New Zealand kiwis except to Australia, informed its growers to expedite harvesting to meet world demand.<\/p>\n\n\n\n

CEO Dave Mathieson cited a few challenges, however. The main challenge is  Japan\u2019s changing exchange rate, which may impact profitability in Zespri\u2019s key market in Asia. <\/p>\n\n\n\n

On the other hand, the European market is ripe for sales. Following a lukewarm end to the 2023-24 northern hemisphere season, demand is still high and will drive markup.<\/p>\n\n\n\n

Timely FTA for New Zealand\u2019s Kiwifruit<\/strong><\/strong><\/h3>\n\n\n\n

Of particular importance with regard to the European Union (EU) market is a new Free Trade Agreement (FTA). On March 25, the EU eradicated trade tariffs for New Zealand, effective from May 1, 2024.<\/p>\n\n\n\n

This ratification will positively impact New Zealand\u2019s kiwi exports for it cuts the existing export duty of\u00a08.8%<\/u><\/a>.<\/p>\n\n\n\n

Mathieson was quick to praise the FTA ratification by stating that kiwifruit growers have had a slow recovery from a poor 2023 season amid the tariffs.<\/p>\n\n\n\n

He promised high quality fruits, especially as returns per hectare are showing improvements. He said that 15 million trays of kiwifruit have already shipped to date.\u00a0<\/p>\n\n\n\n

High Returns per Hectare<\/strong><\/strong><\/h3>\n\n\n\n

All key export categories apart from sweet green kiwis are having impressive orchard returns for 2024. <\/p>\n\n\n\n

Zespri SunGold show a per-hectare value of NZ$145,000 ($87,145), above the NZ$143,537 ($86,265) estimate of February 2023. <\/p>\n\n\n\n

RubyRed on its part will give returns of NZ$50,000 ($30,055), way above the February 2023 estimate of NZ$41,057 ($24,683).<\/p>\n\n\n\n

For Zespri Green, there will be NZ$75,000 ($45,075) a hectare, above the prediction in February 2023 of $64,930 ($39,039).<\/p>\n\n\n\n

This improvement will help propel New Zealand\u2019s kiwifruit export value<\/u><\/a> in the 2024-25 season beyond the NZ$2.5 billion<\/u><\/a> ($1.5 billion) of 2023-24 timeline. <\/p>\n","protected":false},"excerpt":{"rendered":"

After plummeting from 171 million trays in 2022 to 136 million trays in 2023, New Zealand\u2019s kiwifruit exports point towards a great 2024 rebound. According to aggregate exporter, Zespri, the 2024 crop will reach\u00a0190 million trays\u00a0and will raise per-hectare returns. This is happening when the northern hemisphere, where Zespri operates off-season orchards, is experiencing very tight supplies….<\/p>\n","protected":false},"author":3,"featured_media":19326,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nNew Zealand\u2019s kiwifruit exports to rebound with 190 million trays\u00a0 - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.selinawamucii.com\/news\/2024\/03\/26\/new-zealands-kiwifruit-exports-to-rebound-with-190-million-trays\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Zealand\u2019s kiwifruit exports to rebound with 190 million trays\u00a0 - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"After plummeting from 171 million trays in 2022 to 136 million trays in 2023, New Zealand\u2019s kiwifruit exports point towards a great 2024 rebound. 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