Seeka returns to profitability after horror 2023
Kiwifruit and fresh produce handler Seeka will be bouncing back strongly from a big financial loss in 2023.
ZESPRI SAYS its forecast per hectare returns have broken $50,000 for the first time, predicting orchard gate returns per hectare of $51,047.
This compares to $42, 659 for the 2013 season.
The October forecast Green return per tray has increased to $5.71 from $5.34 forecast in August, supported by price increases in Europe.
The October forecast for Gold is $9.57 per tray, up from an August forecast of $9.36; Organic Green $6.81, up from $6.35; and Green14 $6.98, up from $6.93.
The total fruit and service payment, across all pools and excluding the loyalty premium, is forecast at $882.46 million, up from $856.2 million in the August 2014 forecast.
The Zespri net profit is forecast to be $22 million to $27 million including recognising $6.3m of Gold licence revenue from prior seasons not yet received.
Next month, the Beef Breeder Forum is set to give farmers an opportunity to hear about the latest developments in the beef industry.
ACC and Safer Farms have announced a new partnership in an effort to reduce harm, injuries, and fatalities in agriculture.
A Franklin dairy farmer has inched closer to national victory after being crowned Northland’s top young farmer.
Dairy and beef farmers could be eligible for lower interest lending options for financing Halter on their farms, with ANZ, ASB and BNZ now offering a pathway to sustainability loans for New Zealand’s largest virtual fencing provider.
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