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

 

Continued Growth For The Mighty Avocado Industry

TAURANGA, NEW ZEALAND --- 28 JULY 2020

The New Zealand avocado industry has finalised the 2019-20 season results. The 2019-20 avocado season saw avocado export volumes up to 3.8m 5.5kg trays, an increase of 26% on the previous season. Asian markets including Thailand, Korea, Singapore and Taiwan received 35% more volume, meeting the industry’s objective to grow volume to the Asian markets.

Industry returns for the 2019-20 season are $154m, and increase on the previous year of $10m. The New Zealand market sold a record 2.7m trays worth over $50m demonstrating kiwis growing love of the wonderfully healthy avocado. For the first time in a number of years there was no break in avocado supply, as growers held on to one crop while the new crop matured on the trees. This also avoided the spike in pricing that often accompanies the lower supply but increasing demand.

Investment into new plantings continued in 2019 with over 120 new avocado properties registered between May 2019 to May 2020. New Zealand Avocado Growers’ Association Inc. Chair Tony Ponder says New Zealand’s avocado industry is in a position of growth and development. “The continued investment demonstrates real confidence in the New Zealand avocado industry. Many new growers are attracted to the industry because of the strong growth plans within the industry, and the confidence from the collaborative structured approach but also seek to produce a healthy product, while looking after the land.” says Mr Ponder.

NZ Avocado CEO Jen Scoular says ‘Avocados have 19 vitamins and nutrients, including those necessary for a healthy immune system. An increased focus from consumers on health and wellness has contributed to the growth we have seen in New Zealand avocado consumption.”

NZ Avocado are very aware of the demand by consumers and customers alike to know about the impact avocados have on our land, environment and people. The industry is developing a sustainability strategy and have hosted a series of stakeholder workshops around the avocado growing regions. “Many avocado growers are passionate about taking care of New Zealand and want to see their orchards contributing positively to environmental, economic and social sustainability in their communities and regions” says Scoular. “The new crop for the 2020-21 season is looking very good on the trees, with an expected 10-15% increase in volume. The drought will have put some stress on the trees, so many will have welcomed the recent rain.” Says Scoular.

There are still elements of uncertainty around the export season ahead as the world manages COVID-19. Australia presents good opportunity for 70-80% of New Zealand’s export volume, with lower domestic production expected in 2020 out of Western Australia. Demand in New Zealand’s eight avocado export markets across Asia looks very good, but freight and import challenges will need to be overcome.

Here in New Zealand, industries across the Horticulture sector have collaborated to ensure Horticulture plays a key role in New Zealand’s post-Covid recovery. Avocados are a part of this collective and are working with key government departments to deliver an industry led, government enabled strategy. This follows the work completed during lockdown between Horticulture and Government to ensure that the industry could keep growing and harvesting so that consumers within New Zealand and overseas customers, could continue to buy fresh fruit and vegetables. Scoular says “I am excited by the potential of this new level of industry-government collaboration. This strategy recognises the opportunity to create sustainable value by working together as we grow, transport and market our safe, ethically-produced and healthy food to consumers in New Zealand and around the world.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>