Zespri on track to top $4.5 billion sales goal
Zespri has released its final forecast for the 2024-25 season with strong demand and its largest-ever crop putting the kiwifruit marketer on track to exceed its longstanding target of $4.5 billion in global revenue.
Forecast per tray returns have strengthened from the last forecast in November for all fruit categories other than green, which remains in line with November’s forecast.
At a per-hectare level, returns for green and organic green have reached record levels off the back of this season’s improved yields and the strong value secured for fruit throughout the season. SunGold per-hectare returns have also increased from November, while forecast RubyRed kiwifruit returns remain steady on both a per tray and per hectare basis.
CEO Jason Te Brake said strong demand has allowed Zespri to sell a record crop of more than 190 million trays at strong value for growers: “It’s been a very positive season. With our crop volume significantly up on the previous year, the industry’s efforts to deliver good quality fruit have supported strong sales in our key markets.
“Growing conditions have been largely positive for most growers, with a total crop of more than 200 million trays and our focus will be starting the season strongly with a good supply of high quality fruit so we can again maximise early season sales opportunities and continue to return strong value to our growers,” said Te Brake.
