Pipfruit & Seafood Impact Report

Throughout 2004, Nelson's broad-based economy faced a downturn in the pipfruit and fishing sectors.   In response the EDA commissioned a report on the effects of that downturn.

The report found that:

In the pipfruit sector:

• Oversupply and increasing competition in the northern export markets forced price reductions
• New Zealand product no longer commands a premium over other Southern Hemisphere fruit

The seafood sector is being hit by:

• Reduced quotas and falling catch rates
• High fuel prices which are a major operating cost

It is estimated there will be a reduction of $50 - $65 million in business turnover, as reduced orchard returns work their way through the economy.   

The full impact from reduced fishing activity in 2005 is estimated to be a reduction in gross regional income of $22 million.

For further information please contact bill@eda.co.nz