(Bloomberg) -- Zespri International Ltd., New
Zealand's biggest kiwifruit exporter, said a surging currency
may cut returns to growers by as much as 20 percent this season.
Grower returns will fall by as much as NZ$1.60 a tray from
about NZ$8 in the year ended March 31 because of the high New
Zealand dollar, Chief Executive Officer Tony Nowell told the
company's annual meeting in Tauranga yesterday. Zespri will try
to offset the loss by cutting costs and raising prices, he said.
Read more at Bloomberg Currencies News
Zealand's biggest kiwifruit exporter, said a surging currency
may cut returns to growers by as much as 20 percent this season.
Grower returns will fall by as much as NZ$1.60 a tray from
about NZ$8 in the year ended March 31 because of the high New
Zealand dollar, Chief Executive Officer Tony Nowell told the
company's annual meeting in Tauranga yesterday. Zespri will try
to offset the loss by cutting costs and raising prices, he said.
Read more at Bloomberg Currencies News
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