Kiwifruit producer Zespri’s profit has dropped 27 per cent but growers have been paid record prices for their output.

Zespri reported a net profit after tax of $173.3 million for the 2023-24 financial year - down from $238.7m the year prior.

The Country's Jamie Mackay explains what this means for the sector.

LISTEN ABOVE 

Kiwifruit producer Zespri’s profit has dropped 27 per cent but growers have been paid record prices for their output.
Zespri reported a net profit after tax of $173.3 million for the 2023-24 financial year - down from $238.7m the year prior.
The Country's Jamie Mackay explains what this means for the sector.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jamie Mackay: The Country host on Zespri's growers getting paid record prices for their kiwifruit

There's concerns the India-New Zealand relationship could be strained by the high number of student visa rejections.

Immigration NZ figures show applications between October 1 2023 and May 6 2024 for student visas by Indian nationals had an approval rate of 47 percent.

The Immigration Minister has claimed it's not 'blanked geographic discrimination', but rather concern surrounding more high-risk applicants out of India.

Waitakere Indian Association President Sunil Kaushal doesn't believe this argument. 

"India is a diverse land, we know that there are many talented and skilled people out there who want to further their education - and coming to New Zealand is a great opportunity for that." 

LISTEN ABOVE

There's concerns the India-New Zealand relationship could be strained by the high number of student visa rejections.
Immigration NZ figures show applications between October 1 2023 and May 6 2024 for student visas by Indian nationals had an approval rate of 47 percent.
The Immigration Minister has claimed it's not 'blanked geographic discrimination', but rather concern surrounding more high-risk applicants out of India.
Waitakere Indian Association President Sunil Kaushal doesn't believe this argument. 
"India is a diverse land, we know that there are many talented and skilled people out there who want to further their education - and coming to New Zealand is a great opportunity for that." 
LISTEN ABOVE

Sunil Kaushal: Waitakere Indian Association President on the high student visa rejection rate for Indian applicants

Top officials from both the EU and China have spoken about controversial EV tariffs over the weekend - and agreed to further talks.

The call marks the first time the two sides have agreed to negotiate since the EU threatened China with electric vehicle tariffs of up to 38 percent.

UK correspondent Gavin Grey says this is a positive step forward.

LISTEN ABOVE

Top officials from both the EU and China have spoken about controversial EV tariffs over the weekend - and agreed to further talks.
The call marks the first time the two sides have agreed to negotiate since the EU threatened China with electric vehicle tariffs of up to 38 percent.
UK correspondent Gavin Grey says this is a positive step forward.
LISTEN ABOVE

Gavin Grey: UK correspondent on the EU and China gearing up for further talks about EV tariffs

It's been a bad week for infrastructure incidents, with increased pressure on the Government to find a solution.

Between a Defence Force plane breaking down, a toppled power pylon wiping out Northland's power and the grounding of an Interislander ferry, concern is growing about a potential disaster.

NZME business commentator Fran O'Sullivan explains where the Government can go from here.

LISTEN ABOVE

It's been a bad week for infrastructure incidents, with increased pressure on the Government to find a solution.
Between a Defence Force plane breaking down, a toppled power pylon wiping out Northland's power and the grounding of an Interislander ferry, concern is growing about a potential disaster.
NZME business commentator Fran O'Sullivan explains where the Government can go from here.
LISTEN ABOVE

Jamie Mackay: The Country host on Zespri's growers getting paid record prices for their kiwifruit

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