Friday, March 29, 2024

Envy demand forecast brings building plans

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Horticultural company T&G Global has projected a $100 million new build of a pack house at Whakatu, near Hastings but not given a date for commencement or the start of operations.
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T&G is partnering with the NZ Super Fund through FarmRight in a 40ha Envy orchard.

Horticultural company T&G Global has projected a $100 million new build of a pack house at Whakatu, near Hastings but not given a date for commencement or the start of operations.

The announcement was in the context of growth in market demand for its licensed Envy apple variety, independently forecast to reach $1 billion by 2030.

Orchard redevelopment over 300ha in Hawke’s Bay and Nelson during the next four years will help meet that demand, including two-dimensional trees to allow for future automated management.

T&G is partnering with the NZ Super Fund through FarmRight in a 40ha Envy orchard.

The current production of Envy is around five million trays annually and that is forecast to grow fivefold by 2030.

The produce company owns or leases 189ha of Envy orchards and markets the fruit from a further 740ha owned by independent growers.

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