Kiwifruit export values slowed over September however remain on a record pace for the season, according to a new report.
The ASB commodities report said after bumper months over July and August, values for September were $231million, down $77.1 million or 25.1 percent from September 2018.
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ASB senior rural economist, Nathan Penny said lower kiwifruit export volumes over the month accounted for most of the slowdown.
"Total (green and gold) June volumes dipped 23 percent compared to September 2018 levels," he said.
"Meanwhile, overall September export prices were 2.2 percent lower than in September 2018."
However, Penny said export values were tracking at a record pace for the season to date.
"In the seven months to September, export values are 14 percent above the same period a year ago."
"Using the reported crop estimates and assuming that the lift in export prices to date holds over the remainder of the season, we anticipate total export values are likely to reach about $2.22 billion by season end."
This would represent a $31 million or a 1.4 percent lift on last season.
Newshub.
