Down in cherry heartland Central Otago, growers are preparing for a lucrative export window that opens for just a few weeks in January.
Around 1.9 million x 2kg boxes of cherries will be picked and airfreighted fresh to China and other parts of Asia to arrive just in time for Chinese New Year.
This month-long tradition is a catalyst for the world’s largest human migration that brings families together to celebrate. It’s also a cherry-fest the likes of which you’ve never seen before.
As well as being a natural source of goodness including vitamins and antioxidants, New Zealand cherries are revered in China and greater Asia for their size, freshness and flavour.
New Zealand has the geographic advantage of being closer than other southern hemisphere growers. A short supply window combined with a strong perception of extra freshness and quality mean our cherries command a considerable price premium.
Central Cherry Orchard - the largest modern cherry orchard development in Central Otago.
Size: 96 hectares in Clyde to be developed into an 80-hectare orchard
Location: Waikerikeri Valley north of Alexandra
Management: Global fresh produce exporter, Freshmax, will manage the orchard development and ongoing operation
Income: Investors will own the land and receive a share of the Cherry sales
Returns: Average forecast returns: 12% p.a. from year 6, rising to 38% p.a. from year 10
Total capital raise: $12 million
Minimum Investment: $100,000 - 70% due in year 1; 30% due in year 4
Offer close date: Tuesday 18 December
To view the dates for webinars and open days planned for this opportunity please click here.
TO REQUEST THE INFORMATION MEMORANDUM FOR THIS INVESTMENT OPPORTUNITY, PLEASE COMPLETE THE FORM BELOW.