Zespri lowers net profit guidance for current season

Zespri lowers net profit guidance for current season
Zespri's downgrade comes after a reduction in forecast global supply volumes for 2024. (Image: Zespri)
Rebecca Howard
Global kiwifruit marketer Zespri lowered its full-year net profit guidance for the current season and its forecast per hectare returns dipped, although they remain up on the prior period. Zespri’s corporate net profit after tax is now expected to be between $132 million and $142m, including licence release income, versus prior guidance of $138m to $148m.The downgrade comes following a reduction in forecast Zespri global supply (ZGS) volumes for the 2024 season, and reduced margin on its NZ Supply business from greater time payments a...

More Primary Sector

Global dairy prices fall
Primary Sector

Global dairy prices fall

Global dairy prices fell slightly overnight, although the losses "were softer than those recorded at the previous auction". Tuesday night’s Global Dairy Trade auction saw the Price Index fall 0.8% despite 5.7% less product being sold and weaker bidding ratios. Only cheddar manage...

Northland goat farmers secure lifeline in bank standoff
Primary Sector

Northland goat farmers secure lifeline in bank standoff

There were 51 farm debt mediations completed in the past 12 months. 

Startup finds cyclone refuge at food tech hub
Primary Sector

Startup finds cyclone refuge at food tech hub

Foodeast Haumako aims to cut scale-up costs for precision fermentation startups.

Greg Hurrell 15 Sep 2025