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Fresh produce trader Seeka is heading for a major financial loss, on the back of record low per hectare yields.
Listed produce grower and exporter Seeka says a substantial drop in kiwifruit volumes this year may push the company towards an operating loss.
Listed fresh produce handler Seeka won't be paying a dividend to shareholders after enduring a challenging 2022.
As chief executive of the larget kiwifruit growing operation in NZ, Seeka boss Michael Franks says labour is slightly less of an issue than it was a year ago.
The chief executive of one of the country's biggest fruit growers and packers believes there is a huge elephant in the room around kiwifruit quality and there is a major opportunity for improvement.
Michael Franks describes himself as effectively running a company that is a 'hotel for kiwifruit'. His customers are kiwifruit: green, gold and red. Peter Burke recently caught up with him at Seeka360, Seeka's Te Puke headquarters.