A $1 billion bill is coming for the industry that handles kiwifruit after they're harvested, to keep pace with Zespri's ambitious outlook for exports.
Zespri, which markets most of New Zealand's export kiwifruit crop, expects demand will result in it doubling annual sales to $4.5 billion by 2025, just seven years away. That means more infrastructure to handle the bigger harvest.
Zespri plans to manage the crop-growing side of the equation by increasing the size of its overseas orchard operations, and offering licences to New Zealand growers. New kiwifruit varieties mean those growers will increasingly be outside the traditional Bay of Plenty growing capital.
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