Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ZESPRI announces settlement of historical dispute

MEDIA RELEASE 30 October 2006

ZESPRI announces settlement of historical dispute

ZESPRI announced today it had reached settlement of an historical dispute with Aotearoa Kiwifruit Export Limited (AKE) and a number of AKE growers regarding loadout of kiwifruit in the 2002 season.

ZESPRI suspended loadouts of AKE’s fruit into the ZESPRI inventory for a period of nine weeks in 2002, while it investigated findings of AKE-branded kiwifruit in export markets. The dispute was heard in the High Court in August of 2005.

AKE Spokesman Bruce Norman claimed that the actions taken by ZESPRI in 2002 were punitive and disciplinary in nature, and therefore were inconsistent with the entire restructuring of the kiwifruit industry, and the scheme of the Kiwifruit Export Regulations. This view was upheld by the High Court in its judgement.

ZESPRI Chairman Craig Greenlees said that ZESPRI was motivated by the desire to protect returns for all growers in the industry. “As custodian of the single point of market entry for kiwifruit, ZESPRI holds a privileged position, and had a duty to behave fairly and responsibly towards all growers."

Mr Greenlees acknowledged that the specific actions taken were inappropriate, and expressed the ZESPRI Board’s regret that this was the case.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news