Zespri International, which controls exports of New Zealand kiwifruit, almost triples annual profit, reflecting a record crop and falling costs as the industry recovers from the Psa vine bacteria.

The German company that now controls Turners & Growers will extend an olive branch to kiwifruit marketing monopoly Zespri.

Zespri says 2012’s exports will fall back to ‘normal’ levels after a record 2011 season.

Produce distributor Turners & Growers' latest attempt to break up the New Zealand kiwifruit industry's marketing structure has foundered in the Auckland High Court.