Cracker Kiwifruit Payout Forecast
Zespri's October forecast for the 2019/20 has been released and it's great news thanks to increases across all four main varieties.
The October forecast per-tray and per-hectare average orchard returns are below:
FRUIT CATEGORIES OCTOBER 2019/20 | AUGUST 2019/20
Zespri Green $66,023 per ha $63,125 per ha
$6.54 per tray $6.26 per tray
Zespri Organic Green $61,201 per ha $60,626 per ha
$9.45 per tray $9.31 per tray
Zespri Gold $155,889 per ha $152,286 per ha
$11.41 per tray $11.15 per tray
Zespri Green14 $43,088 per ha $42,945 per ha
$7.58 per tray $7.55 per tray
The total fruit and service payment, across all pools & excluding the loyalty premium, is currently forecast at $1,892.4 million, up by $39.2 million on the previous forecast.
Increased earnings is always excellent news for orchardists. Just be aware increased earnings could lead to being bumped out of "safe harbour" regarding provisional tax.
If you have concerns and do not currently operate a budget, or want to review / update your current budget, please get in touch with your Rural Accountants team today, we will be happy to look into this for you.
*Information supplied, Zespri October 2019