The shift to high-value crops marks a strategic move towards modern agricultural practices that enhance economic stability.
The proposed acquisition would return T&G’s wholesale operations to Turner family ownership and New Zealand control, reuniting the fractured Turner fruit and vegetable empire.
Financial projections indicate that the secured off-taker agreement is expected to generate approximately US$3.5 million annually.
Haikou will provide direct access to one of China’s fastest-growing manufacturing, logistics, and e-commerce hubs.
According to the ministry, the project is expected to support export and import movements, attract further vessels and investments, and create added economic value.