Kiwifruit
One of New Zealand’s great export stories.
A Kiwi Success Story
Kiwifruit is one of New Zealand’s great export stories.
Investors have often sought to invest in primary sector industries due to their potential to provide inflation resilience, diversification and returns that aren’t typically correlated with other asset classes, such as shares and fixed interest.
The kiwifruit industry is one of New Zealand’s biggest export success stories, with exports forecast to continue to grow to $4.8 billion in 20261 – making kiwifruit New Zealand’s fourth largest primary sector export after dairy, meat and forestry products.
New Zealand has some of the best kiwifruit growing conditions in the world. Clean air, fertile soils, favourable climate, relatively few pests and diseases and skilled growers all contribute to the unique quality and taste of New Zealand grown kiwifruit.
SunGoldTM is New Zealand’s most productive, most profitable kiwifruit variety — providing the potential for high grower returns. It is protected by Plant Variety Rights through to 2039, managed by Zespri. It has strong health attributes, packing in three times the vitamin C of an orange, it is highly productive, it stores well and consumers are prepared to pay a high price for it. This means that orchardists can generate high operating margins, high profits, and strong cashflows.
A key driver of New Zealand’s success is Zespri, the world’s largest kiwifruit exporter and the sole global marketer for New Zealand kiwifruit2. Zespri has built global brand recognition which allows it to command price premiums3 and it also invests heavily in R&D, seeking the next high-potential PVR protected variety.
At just 1% of the global fruit market4, the future for kiwifruit looks bright as global demand for nutritious, premium fruit continues to rise.
1The Fund is targeting total returns of 10% per annum (cash distributions plus capital growth) over the long-term. Cash distributions are targeted at 6-9% p.a., based on the opening NAV of that year. Returns may vary and are subject to risks as outlined in the Private Placement Memorandum dated 30th June 2026, available at www.myfarm.co.nz/kiwifruit-fund.
2 Zespri International Ltd. (2024). Zespri Five-Year Outlook 2024. Retrieved from https://www.zespri.com/content...look/ Zespri-Five-Year-Outlook-2024.pdf
3 NZKGI & BERL. (2023). Report on the Single Point of Entry for Kiwifruit Exporting. Retrieved from https://canopy.zespri.com/cont... en/documents/public/news/2023-NZKGI-Report-on-Single-Desk.pdf
4 Outside of New Zealand and Australia.
*Gross asset value based on preliminary (unaudited) accounts as at 31st May 2026.
Gross asset value
Assets operated
Operational partners
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DMS Progrowers
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EastPack
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Seeka