Zespri expects 40 percent drop in profits this year
New Zealand horticultural exporter Zespri is expecting up to a 40 percent dive in its profit this year. The company has also confirmed to green kiwifruit growers that they will not receive any more significant progress payments for fruit picked last autumn. Zespri has a global operating revenue of $4 billion. It has been beset with fruit quality issues in overseas markets this season,
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