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Stop Press - Seeka Lowers Price!
11 March 2015

Stop Press - Seeka Lowers Price!

Seeka Growers today endorsed changes to the charges that Seeka will charge its supplying growers for the 2015 season. These changes responsibly ensure that growers are not double charged for the services provided to you. The changes arise as the Industry adjusts its pack differential mechanism – the payments made by Zespri on your behalf for the costs of packing and handling fruit in a non-standard box. The adjustment is as follows:

Variety

Base price

Rebate

Net Packing Price

Value of Seeka shares

Total net price per tray

Green CN

$1.15

$0.05

$1.10

$0.10

$1.00

Green Org

$1.20

$0.03

$1.17

$0.10

$1.07

Hort 16a

$2.24

$0.13

$2.11

$0.10

$2.01

G14

$1.77

$0.04

$1.73

$0.10

$1.63

G3

$1.61

$0.05*

$1.56

$0.10

$1.46

G9

$1.85

$0.02

$1.83

$0.10

$1.73

These prices are before any reject charges. Seeka and Seeka Growers have agreed a pack differential sharing mechanism that will see a percentage of the pack differential flow back to its growers and the figures shown in the rebate column are the expected rebate. In the case of G3* rather than a straight rebate, Seeka and Seeka Growers have agreed to introduce a “reject free zone” for G3. This is because the original pricing was set prior to Zespri announcing there was no class 2 export market for G3. Accordingly now G3 growers will not be charged a reject for the first 5% of their rejects.

Coolstore charges remain unchanged.

The changes fairly deliver to our growers the benefit of Seeka’s scale and lean supply chain. It also responsibly makes sure that Growers are not double charged for the services that Seeka provides them in providing post-harvest.

If you would like more information please contact your relationship manager.

Regards

Michael

Seeka Key
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