Please accept this Grower Update to the end of week 28 [Sunday 12 July].
Zespri reported good sales rates for both Hayward and Sungold at the Seeka Growers meeting this week. Overall the Industry is approximately 10m trays ahead in sales at the end of week 27 with some impressive sales of Sungold in particular; but pricing is softer than last year. As a result the Industry is looking to ship its last Sungold fruit in week 35 – around 3 weeks earlier than planned. Hayward is ahead of last year but the shipping season will extend late in the year with last shipping expected at week 49.
KGI came and talked to the Seeka Growers Council about its proposed rule changes that Growers are being asked to vote on and up-coming AGM. I would take this time to encourage you to retrieve your voting papers and vote. And if you would like some direction then the Seeka Growers Chair has emailed you separately with some insight. I would encourage you to read his summary before voting.
Thank you to all of you who attended the Grower Updates last week. A copy of the presentation is available to you on the grower login at the Seeka website. If you are unsure of your grower login, please call Stephanie Kivell 07 573 0303. Importantly Seeka has updated its view current year forecast OGR’s.
So far the inventory this season is performing well and to date better than 2014. Seeka has reported to its growers that managing some Hayward fruit at Oakside with lower average fruit pressures. This inventory has been prioritized to best optimise the fruit quality to market and minimise any onshore fruit loss. We have notified our insurers just in case there is any of loss arising. However to date we have managed to stay ahead of any issues and our recent inter-check out turns have been quite ok. It is a matter of making sure we are disciplined and move the right fruit next to optimise the fruit to market. Also Seeka has dispatched Jim Dunseath to Europe to oversee our fruit arrivals and to steward our fruit in the market. We will work constructively through any issues on a case by case basis should there be any. But so far so good.
The statistics as at midnight Sunday 12 July 2015:
Hayward
Seeka packed/loaded: 20,728,626 trays Industry packed: 84,081,835 trays [24.6%]
Seeka average size: 32.53 Industry average size:32.41
Fruit Loss to date: 12,219 trays [0.06%] Time Pool Est: $542,504 [$0.026/te]
Shipped: 10,027,016 trays In-store: 10,704,772 trays
On order for week 29 286,048 trays
On order for week 30 878,081 trays
Hayward organic
Seeka packed: 1,049,430 trays Industry packed: 3,970,307 trays [26.4%]
Seeka average size: 34.87 Industry average size: 34.48
Fruit Loss to date: 109 trays [0.01%] Time Pool Est: $90,171 [$0.086/te]
Shipped: 598,845 trays In-store: 450,569 trays
On order for week 29: 14,819 trays
On order for week 30: 22,391 trays
G14
Seeka packed: 165,095 trays Industry packed: 1,365,938 [12.1%]
Seeka average size 36.74 Industry average size: 35.92
Shipped: 165,095 trays In-store: 0 trays
All done. Final Fruit loss at 0.67% a big improvement on 2014.
G3 [Sungold]
Seeka packed: 3,782,524 trays Industry packed: 27,296,449 trays [14.0%]
Seeka average size: 30.41 Industry average size: 30.57
Fruit Loss to date: 8,258 trays [0.22%] Time Pool Est: $568,844 [$0.147/te]
Shipped: 3,129,065 trays In store: 653,459 trays
On order for week 29: 120,666 trays
On order for week 30 : 91,288 trays
We have removed the fruit associated with the Main Road issue from the loss % as the growers are being compensated for this.
G3 Organic
Seeka packed: 49,616 trays Industry packed: 473,415 trays [10.5%]
Seeka average size: 28.95 Industry average size: 30.95
Fruit Loss to date: 117 trays [0.23%] Time pool Est: $14,996 [$0.302/te]
Shipped: 42,890 trays In store: 6,627 trays
On order for week 29: 900 trays
On order for week 30: 0 trays
Hort 16a
Seeka packed: 404,163 trays Industry packed: 4,393,086 trays [9.2%]
Seeka average size: 31.41 Industry average size: 31.64
Fruit Loss to date: 329 trays [0.08%] Time pool est: $87,122 [$0.22/te]
Shipped: 371,747 trays In store: 32,416 trays
On order week 29: 2,572 trays
On order week 30: 2,732trays
Slowly slowly into the home straight.
G9 [Charm]
Seeka packed: 86,219 trays Industry packed: 760,213 trays [11.4%]
Seeka average size: 36.43 Industry average size: 34.29
Fruit Loss to date: 1,006 trays [1.15%] Time pool est: $12,566 [$0.14/te]
Shipped: 65,568 trays In store: 20,651 trays
On order week 29 0 trays
On order week 30 0 trays
The principle market for the remaining inventory is Australia. Zespri is checking the inventory across the Industry prior to ordering it and we are waiting our last orders to clear this fruit out. Seeka Growers asked about any potential extraordinary quality claims and understand that this is unlikely.
Zespri AGM
On Wednesday 22nd July, Growers and Shareholders are invited to attend Zespri’s 2015 AGM meeting from 1.00pm at the ASB Arena Baypark, Truman Lane, Mt Maunganui. The meeting provides commentary on market conditions and Zespri financial performance, and gives shareholders the opportunity to vote on resolutions, including their preferred candidates in the Zespri Board of Directors election.
Shareholders who are unable to attend the meeting, or are voting as a representative of a corporate entity, can contact ComputerShare on 09 488 8777. The Chairman of the meeting, Peter McBride is willing to act as proxy for any shareholder who may wish to appoint him. Proxy / Voting Forms must be received no later than 1.00pm on Monday 20th July 2015 via post/fax to ComputerShare
Kind regards
Michael
Seeka Key
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