7 Jun 2020

High prices for gold kiwifruit licences

12:11 pm on 7 June 2020

The Kiwifruit industry is being given a huge vote of confidence, with stunning prices being paid for gold kiwifruit licences this year.

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Photo: RNZ/Carol Stiles

Each year Zespri releases new gold licences, and this year 700 hectares was up for grabs.

Successful bidders have been told the lowest price paid for a gold licence was $378,000 a hectare. That's $100,000 more than last year's lowest price.

A kiwifruit grower told RNZ the result is mind blowing.

It would mean developing a kiwifruit block from a greenfield will cost around $800-900,000 a hectare.

Meanwhile it is the first time red kiwifruit licences have been available, and it Is understood the lowest price was around $35,000 a hectare.

Bidding for both licences was over-subscribed.

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