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Welcome to our blog up to Sunday 29 October. The kiwifruit programme for this year is nearing completion. Our fruit is fully ordered and we expect our stores to be empty in the next two weeks. Thank you for your continuing support.
Sandy Scott and the Grower Entities team have been working to update the forecast orchard gate return for each orchard supplying Seeka. The forecast shows a healthy improvement in most varieties reflecting improved returns from Zespri, low fruit loss and good class 2 returns particularly for Hayward organic.
The average orchard gate return per tray and per hectare for Seeka is now:
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Hayward conventional
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$6.38
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$57,568
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Hayward organic
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$8.03
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$44,844
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Sungold
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$9.48
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$108,505
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Sweetgreen
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$5.64
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$38,125
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The of interest is that the value of Seeka shares have reached new heights on the NZX, recently hitting $5.61. Growers who participated in the Seeka Grower Share scheme were issued shares at $3.05, $3.37 and $4.40 respectively over three years. The scheme has done exactly what was intended; provide growers with the down-stream capital gains from the fruit they provide us with in return for their loyalty. Thank you.
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INVENTORY PERFORMANCE AS AT 31/7
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HAYWARD CONVENTIONAL
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HAYWARD ORGANIC
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SWEETGREEN G14
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SUNGOLD G3
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SUNGOLD ORGANIC
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TOTAL
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Packed
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14,799,410
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687,406
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90,038
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8,542,692
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116,757
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24,236,303
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Shipped
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14,378,981
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682,735
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89,778
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8,471,076
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112,929
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23,735,499
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Instore
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294,668
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1,782
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-
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-
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-
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296,450
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On Order
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248,215
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1,258
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249,473
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Lost - TE
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125,761
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2,889
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260
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71,616
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3,828
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Lost %
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0.85%
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0.42%
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0.29%
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0.73%
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3.19%
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Industry Lost %
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0.96%
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0.90%
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0.23%
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0.71%
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2.18%
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Estimate time $
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$4,588,861
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$167,804
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-$3,905
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$1,552,572
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$21,220
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per tray
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$ 0.310
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$ 0.244
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-$0.043
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$0.182
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$0.182
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Kind regards,
Michael
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