EFFLUENT STORAGE PONDS Firestone EPDM Lined Pond advantages Enable effluent toHORTICULTURE be stored and applied strategically during drier periods or in Spring and Autumn when grass growth slows Ease of daily management from troublesome effluent irrigators Realize the value of your effluent and utilise its real potential 20 year Firestone Factory warranty - best in the business Insist on your Firestone issued Warranty Certificate
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Coast & Country
The bad news and the more bad news
FROST PRO
PLANT AND CROP PROTECTIO
biological sciences. “I am confident that we While board chairman John Loughlin led The ongoing threat of the vine canker Psa off with laudable trading results against chal- have secured among the best minds available overshadowed the Zespri AGM held at Contact Cosio Industrieslenging Ltd ph (09) 820 0272, email : Psa sales@cosio.co.nz. or call Vaughana solution to this disease.” to develop market headwinds, is the issue Baycourt Tauranga on August 17. 7266 for morethat INDUSTRIES on 021 280 information on ignored. Firestone EPDM and your nearest installation contractor. liner The focus on Psa meansEPDM re-prioritisation. cannot be
MICRONET before the next annual meeting.” designed to cr John says he is confident a managementcrop and plant solution for Psa will be found within the next natural waterin Available in 2 m two to four years. He says the goal is to posiCosio Industries Ltd are official Firestone Building Products Australasian distributors tion Zespri to be in FROSTGUARD good shape to quickly “The confirmation of the presence of Psa in North American market plans have changed FROSTGUAR regain momentum toward the long-term cost polypropy because fruit supply is now uncertain says New Zealand last November has marked the goal of tripling export returns to $3 billion John. start of a defining phase in the history of our 30gm2. Also a by some date soon after 2025. Thisnatural air and He intends to bring a proposal to industry,” says John. long-term goal is still attainable2 metres wide. shareholders of segmenting the “The savage destructive potential of Psa-V says John. is clear from the experience in Italy, and from North American market into Firestone EPDM Lined Pond advantages Cosio Indust The future is expected to be 27-33 Lansfo premium channels for NZ what we are observing in Te Puke. COSIO COSIO “The reality is we Enable effluent be stored and applied good forINDUSTRIES New Zealand food Ph 09 820 0 “How wetoface and manage thestrategically threat willduring kiwifruit, supplemented drierobviously periods or shape in Spring Autumn grassthe growth slows with Chilean fruit packed theandfuture ofwhen not just don’t know what the producers, including kiwifruit providing the New Zealand kiwifruit buteffluent in many Ease of daily management fromindustry, troublesome irrigatorsunder the Family brand. Professionals Choice long-term impact of Theproducers, industry can maintain It made sense viewed ways the global kiwifruit industry.” Realize theinitial value ofaggressive your effluent and utilise its strategy real potential from an expectation of Psa will be on the control and ownership of The containment supply chains and position long-term growth and a has Firestone failed John informed shareholders. 20 year Factory warranty - best in the business industry and thereInsist The on your Firestone in premium segments. short-term supply dip as a industry hasissued sinceWarranty movedCertificate to a INDUSTRIES fore on Zespri, but all “We are at a very dark hour result from grafting to new long-term management strategy headed the signs are that it with Psa,” says John. cultivars. by Kiwifruit Vine Health Incorporated, Contact Cosio Industries Ltd ph (09) 820 0272, email : sales@cosio.co.nz. or call Vaughan “For some people, this may “Psa has changed all that recognising the management of Psa will be a will be serious.” on 021 280 7266 for more information on Firestone EPDM and your nearest installation contractor. EPDM liner be the end of their road in the for now as our supply is permanent partFirestone of theBuilding kiwifruit landscape fordistributors Cosio Industries Ltd are official Products Australasian industry. Yet at the same time, uncertain and our priorities some years to come. on so many other fronts the longare dramatically altered. “The reality is we don’t know what the term potential of the industry remains “This example illustrates the long-term impact of Psa will be on the induschallenge of Psa, which is to act with decisive very bright. We have a stunning offer for try and therefore on Zespri, but all the signs global fruit consumers and an offer that we urgency to ensure that we have a future, are that it will be serious.” can make even more exciting. whilst ensuring that urgent actions do not Zespri management is directed to under“This statement is not to diminish the compromise that future. take scenario planning based on a number “Psa may have significant impacts for share- present threat that faces our industry. We of possible outcomes. Resources are dramatically re-prioritised where needed; particularly holders and it is conceivable that appropriate do have a very tough time ahead of us and I believe we must steel ourselves in order to responses may require shareholder approvals. in the area of research and development. weather it.” We are determined to do what is necessary Zespri is leading a Psa research and and right – and to do so in appropriate ways, development programme and has actively By Andrew Campbell which may involve consulting you again recruited world-leading experts in the
MICRONET is
EFFLUENT STORAGE PONDS
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INDUSTRIES
PSA a blight on Zespri’s yearly profits INDUSTRIES
Total fruit and service payments for New Zealand fruit, including the loyalty premium, increased from $849 million in 2009/10 to $883 million last season. Zespri’s consolidated net profit after tax was $7.3 million last season, compared to $25.9 million in 2009/10. The fall was due to four factors says chairman John Loughlin. The first is a reduced effective corpo-
INDUSTRIES
rate commission of $9.8 million because of an agreed increase in the loyalty premium from 15 cents per Class 1 tray to 25 cents per Class 1 tray. The second is the $12.9 million directed to the New Zealand industry response to Psa. The third factor is a fall in 12-month supply profitability, from $8.6 million to $5.7 million. Last is a one-off organisational restructuring provisions of $4.9 million. “We expect the corporate profit to rebound in 2012 with the strong vol-
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Cosio Industries Ltd, P.O.Box 15014, New Lynn,Auckland 27-33 Lansford Crescent, Avondale, Auckland. Email sales@cosio.co.nz Website www.cosio.co.nz Ph 09 820 0272 Fax 09 820 0274
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umes of fruit we have to sell,” says John. “However, longer term, a decrease in volumes as a result of Psa is likely to put pressure on future profitability.” The 2010 season was mixed; with Zespri facing challenges from a two-paced global economy, demanding climatic conditions and the confirmation of Psa in New Zealand. “Last year’s great tasting fruit supported our marketing initiatives,” says John. “There were increased returns for Green growers and the release of new varieties generated great enthusiasm in the industry. “It is significant that the challenges were in aspects that we could not control, whilst the positives were achieved where we did have influence.” In the face of the challenges, John says Zespri performed well; managing to hold total global kiwifruit sales steady at just over $1.5 billion. Much of the impact of a significantly stronger New Zealand dollar ULTRA-PRO was mitigated by currency hedging gains. The total crop this year is 115.9 million trays – 14 ULTRA-PRO per cent up on last season. This represents a 40 per cent increase in Gold and a seven per cent increase in Green. The August forecast shows average per tray fruit and service payments across all pools are forecast to fall, although increased yields will offset this to some extent. Total fruit and service payments are set to increase on last year by $63.4 million to $922.3 million. By Andrew Campbell
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10 year UV Warran
EFFL PON