Like the dairy industry’s Fonterra, the kiwifruit industry’s giant Zespri has had a golden year. It has reported record returns for 2020-21, with a net profit of $290.5m (up $90m from the previous year) after achieving total fruit sales revenue of $3.5bn (up 14%).
It further highlights the strength of NZ’s rural economy during a period when the Covid-19 pandemic underlined the fragility of global trade.
Zespri’s global sale volumes were up 10% on last season to 181.5m trays.
The company said increased sales, the ongoing expansion of Zespri SunGold kiwifruit production and great quality fruit lay behind the strong returns.
CEO Dan Mathieson said the results would see earnings spread through many regional communities in NZ.
“We’re delighted a record $2.25bn will be returned to the NZ kiwifruit industry. The unity of our industry allowed us to respond effectively to incredibly difficult conditions around the world”. Continue reading “Zespri lifts profit to $290.5m after selling $3.5bn of kiwifruit but is running into headwinds”
Damien O’Connor, the minister who earlier this year distinguished himself by telling the Australian government to show more “respect” in its dealings with China, has at last won a battle in Cabinet. He got his colleagues, some of whom are always reluctant to do anything to help the country’s primary industries and farmers, to agree to support a new programme to lead New Zealand’s plant protein sector development.
The government is partnering with Lincoln-based Leaft Foods on a $20m research and development programme that could put NZ on the map as a leading leaf protein concentrate producer.
Through its Sustainable Food & Fibre Futures fund, the Ministry for Primary Industries is contributing $8m to the five-year programme to develop technology that extracts edible protein from NZ grown green leafy crops.
Leaft Foods’ technology will be used to produce high-quality protein in the form of gels or powders that can be used in a range of foods in the fast-growing global market for plant proteins. Continue reading “Good news for horticulture: govt is ploughing $8m into research to develop leaf protein concentrate”
Ministers in charge of science funding and Maori development have sent out a confusing signal which – at first blush – suggests they harbour doubts about the efficacy of their Govt’s climate change policies.
Those policies, including net-zero-emission targets, presumably are intended to slow – if not halt – climate warming.
But the Ministers of whom we write have doled out money for a banana-growing industry.
Some may muse that this is to prepare the way for climate change effects which allow horticulturalists to abundantly grow tropical fruits.
Not necessarily. Continue reading “The Govt has gone bananas with our money (while casting a doubt on its climate policies)”