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New Zealand apple exporter halts U.S. shipments due to 15% tariffs, weak prices, and oversupply.
A major New Zealand apple grower has stopped exporting to the U.S. due to tariffs rising to 15%, which erased profit margins despite strong growing conditions and a large harvest.
The grower, Paul Paynter of Yummy Fruit in Hawke’s Bay, cited weak U.S. market prices and oversupply as compounding factors.
While redirecting exports to Asia, including Taiwan, faces competition and risks, the upcoming harvest is expected to be one of the best in years, with exceptionally large fruit due to a warm spring.
The industry is recovering from Cyclone Gabrielle, but trade tensions and unresolved tariffs remain a challenge.
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El exportador de manzanas de Nueva Zelanda detiene los envíos a Estados Unidos debido a los aranceles del 15%, los precios bajos y el exceso de oferta.