Welcome to this week’s edition of Frankly Speaking – bringing you up to date with the latest Industry and Seeka .
The big for Seeka supplying kiwifruit growers is that we expect to release our first individual forecast for the 2019 year in a few days. It has taken a lot of work as the Grower Entities team interpret the forecast from Zespri, determine each orchards current position and then assess the likely load out pattern from here until the last tray is loaded. This includes the loadout rate, loss rate and rework rate and of course allowing for which risk pool each maturity area is in. It’s complicated. This year we have tried to get smarter by looking at the fruit still in store for every line, look at its Load Out Priority (LOP) to forecast when it will be shipped, the likely loss rate and the likely earnings. It’s a forecast. It’s a genuine attempt to provide you with an as accurate as possible indication of what you might earn from your orchard. While we are satisfied with our overall forecast results, I would emphasise that Seeka does not develop the forecast as a procurement tool, rather it’s our best attempt to indicate a financial forecast for each of our supplying orchards.
To the high level forecast:
August Forecast 2019 OGRs
Operationally the SunGold is 93% shipped. Seeka has shipped 11.6 million trays with only 52K trays of fruit loss. The 775K trays instore will be loaded through the next five weeks with shipping scheduled to complete in week 43. The Hayward Organic shipping programme is scheduled for another six weeks with less than 10K trays remaining and, Hayward Conventional is scheduled with loading through to week 47, mid November.
To the numbers:
Seeka
Aongatete
Aongatete fruitloss excludes fruit under the insurance claim.
Kind regards
Michael
Seeka Key
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