Wednesday, 22 May 2019 08:03

Weather impacts fruit crop

Written by Rural News Group

font size decrease font size increase font size
Print
Email

Unseasonably hot and dry growing conditions are behind the lower than expected kiwifruit volumes.

Horticultural produce company Seeka has indicated lower than expected kiwifruit volumes across Australia and New Zealand.

Based on the volumes to date, the company estimates that the full year crop packed by Seeka will be 8.3% on average lower than its pre-season estimates.

“The effect is industry wide, and reflects unseasonably hot and dry growing conditions which have led to a smaller size profile and total crop volume in both Australia and NZ,” it says.

In NZ the company says it has packed about 97% of its expected SunGold harvest, and has packed about 33% of its expected Hayward, and so is better able to estimate the full year earnings.

In total Seeka expects to pack 33.543 million class 1 trays versus 30.233m in harvest 2018 and its earlier expectation of 36.327m at the time it last gave guidance.

The company claims its Australian harvest has been significantly impacted by the record high temperatures and dry growing conditions. It is predicting a total Green Nashi crop of 900 tonnes (down 18% on 2018) and a kiwifruit crop of 1900 tonnes (down 26% on 2018).

Seeka now expects 2019 group earnings before tax to be $32.5m to $33.5m versus the previous guidance in April of $36.5m to $37.5m, and versus the previous year result of $26.2m (prior year excludes IFRS 16 adjustment).

Featured

Call for action ahead of International Women's Day

This International Women's Day, there are calls to address a reported gender disparity gap between men women New Zealand's horticulture industry leadership.

Accident triggers traffic alert in barns, sheds

WorkSafe New Zealand is calling on farmers to consider how vehicles move inside their barns and sheds, following a sentencing for a death at one of South Canterbury’s biggest agribusinesses.

Plantain 'still a winner' in nitrogen loss battle

Now is not the time to stop incorporating plantain into dairy pasture systems to reduce nitrogen (N) loss, says Agricom Australasia brand manager Mark Brown.

People expos set to return

Building on the success of last year's events, the opportunity to attend People Expos is back for 2025, offering farmers the chance to be inspired and gain more tips and insights for their toolkits to support their people on farm.

SustaiN lands NZ registration

Ballance Agri-Nutrients fertiliser SustaiN – which contains a urease inhibitor that reduces the amount of ammonia released to the air – has now been registered by the Ministry of Primary Industries (MPI). It is the first fertiliser in New Zealand to achieve this status.

Precision N application test costs 'outweigh returns'

Precision application of nitrogen can improve yields, but the costs of testing currently outweigh improved returns, according to new research from Plant and Food Research, MPI and Ravensdown.