Seeka provides harvest update and market guidance

Seeka Limited [NZX: SEK] has announced the completion of the 2021 New Zealand kiwifruit harvest, with total industry Hayward volumes down 17% on the previous year and 10% below the current year industry estimate.

Seeka’s post-harvest volumes have followed the lower industry volumes, with total Hayward conventional volumes of 14.4m trays, a 21.5% reduction in average per hectare yields year on year.

SunGold conventional volumes of 26.0m trays reflect a reduction in average per hectare yields of 10.5%.

Seeka expects full year net profit before tax to be in the range of $9.0m to $11.0m.

The outlook for future years is for increasing volumes as SunGold orchards come into production and with the expectation of a return to more normal yields in Hayward.