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

Zespri CEO's final good news story

Departing Zespri chief executive Dan Mathieson had some good news for the country's kiwifruit growers just days before he left the company to take up a new role with the giant berry fruit grower Driscoll in the US.

Maori kiwifruit operation bounces back

The chair of the largest Māori kiwifruit growing operation in NZ, Ratahi Cross, says his organisation is on the mend a year on from its Hawke's Bay operation being severely damaged by Cyclone Gabrielle.


Insurance Council urges bold action

The Insurance Council of New Zealand (ICNZ) is urging the Government to take a leadership role on climate adaptation and build New Zealand’s resilience against the impacts of climate change on lives and property.

Draft emissions plan a mixed bag

Beef + Lamb New Zealand (B+LNZ) says documents released as part of the Government’s second emissions reduction plan consultation contain some positive elements, but also concerning ones.

Feral cattle wreak havoc

According to John Roche, MPI, the saviour for Chatham Island farmers this season has been the weather.


Table grape grower eyes growth

With the first harvest of high-quality table grapes from 700 vines just completed, the attention of Japanese company Greencollar is…

Precision ag helps garner award

A not-so-humble spud has won another feather in the cap for a family horticulture business based at Southbridge, near Christchurch,…

Machinery & Products

Success for Argo tractors

The judges at last year’s Agritechnica event picked the Italian-built Landini Rex 4-120GT Robo- Shift Dynamic as the Best of…

Pollution into fertiliser

While the new government is sure to “tinker” with the previous administration’s emissions policy, a recent visit to New Zealand…

Smart money backs smart machine

Marlborough-based start-up SmartMachine claims its new machine is one of the most significant operational step changes for viticulture since the…

Robo packer hits a billion

New Zealand inventor and manufacturer Robotics Plus Limited’s fruit packing robot has hit a major milestone of one billion pieces…

» Latest Print Issues Online

The Hound


OPINION: In 2021 a group of prominent academics got ’cancelled’ for daring to oppose changes to the school curriculum that…

Under pressure

OPINION: On top of the rural banking inquiry, several as-yet-unnamed banks are facing a complaint to the Financial Markets Authority…

» eNewsletter

Subscribe to our weekly newsletter