Archive for November 16, 2018
Orchard Land Values Remain Steady
Orchard land values remain steady with good returns being achieved from 2018 crop. Key points include:
- Favourable 2017/18 season with steady levels of production and large fruit size.
- Strong off-shore demand particularly due to the northern hemisphere markets which are low in volume due to climatic events overseas reducing supply. This is resulting in good demand from the European markets. In addition there is continued demand from Asian markets with strong prices being achieved.
- Some 45-50% of total production comes from club varieties which expected to increase as more plantings come on stream in regards to production.
- Risk going forward is whether NZ can maintain the premium prices being achieved with competition from other nations in regards to their own club varieties.
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