Monday, 10 June 2024 11:49

Big jump in Seeka's kiwifruit production

Written by  Sudesh Kissun
Seeka chief executive Michael Franks. Seeka chief executive Michael Franks.

One of the country’s largest kiwifruit growers has reported a 44% increase in production this season.

Listed company Seeka has told the New Zealand Stock Exchange that it has packed 43 million trays of class 1 kiwifruit this harvest season, compared to 29.8m trays last year.

Seeka chief executive Michael Franks says the increase is a pleasing recovery after two very challenging years impacted by weather events.

“The additional volume was efficiently processed by our facilities and well within our capability,” he says.

“Availability of labour and automation improvements both contributed to a smooth and effective packing season. Shipping is proceeding well. The impact of the Zespri shipment infested by rodents is not expected to materially impact earnings.”

Franks points out that while the increased trays packed is a signal of a return to profitability, it is too early to accurately predict the financial outcome and to be able to provide reliable financial guidance.

Seeka expects to update the market later in the year.

Franks says the company remains focused on maximising operational earnings, debt reduction, and achieving financial leverage targets.

He thanked all growers, suppliers, contractors and staff for their efforts in concluding the 2024 New Zealand kiwifruit harvest.

More like this

Kiwifruit sector's big night out

The turmoil and challenges faced by the kiwifruit industry in the past 30 years were put to one side but not forgotten at a glitzy night for 400 kiwifruit growers and guests in Mt Maunganui recently.

Featured

Fruit fly discovery 'concerning'

Horticulture New Zealand (HortNZ) says that discovery of a male Oriental fruit fly on Auckland’s North Shore is a cause for concern for growers.

Fonterra updates earnings

Fonterra says its earnings for the 2025 financial year are anticipated to be in the upper half of its previously forecast earnings range of 40-60 cents per share.

Nedap NZ launch

Livestock management tech company Nedap has launched Nedap New Zealand.

National

Massive bounce back

The Director General of MPI, Ray Smith, says the growth in the kiwifruit sector is a massive bounce back.

$8b export milestone

Horticulture Minister Nicola Grigg says she takes her hat off to all NZ growers for the hard yards they have…

Machinery & Products

Ecorobotix announces NZ dealership

Swiss-based Ecorobotix has announced its entry into the New Zealand market through a strategic partnership with Canterbury-based New Zealand Tractors.

Sorting unwashed potatoes made easy

Downs, a leader in potato reception, automated sorting, and storage, has introduced its new high-throughput optical sorter for unwashed potatoes…

Jumbo X saves time and money

A winner of a prestigious ‘Technical Innovations 2024’ award by FederUnacoma at the EIMA show in Italy, the Maschio Jumbo…

NH unveils specialty tractor

New Holland recently showcased its new-generation T4.120 F specialty tractor, giving New Zealand customers a closer look at the winner…

Combining track and tyre

While the last fifty years has seen massive evolution and development of the humble tractor tyre, the last two decades…

» Latest Print Issues Online

The Hound

Ruth reckons

OPINION: Ruth Richardson, architect of the 1991 ‘Mother of all Budgets’ and the economic reforms dubbed ‘Ruthanasia’, added her two…

Veg, no meat?

OPINION: Why do vegans and others opposed to eating meat try to convince others that a plant based diet is…

» eNewsletter

Subscribe to our weekly newsletter