Seeka Completes Successful 2024 Australian Harvest

Highlights:

• Record Kiwifruit Yield: Seeka Limited's 2024 Australian harvest saw a 161% increase in kiwifruit production, totaling 2.2 million kilograms.
• Weather Recovery: After two challenging years due to adverse weather, improved growing conditions and innovative techniques led to a successful harvest.
• Strong Market Performance: Increased fruit volumes were well-received in domestic and international markets, with Seeka planning to provide financial guidance later this year.

Record-Breaking Kiwifruit Yield

Seeka Limited (NZX: SEK) has announced the successful completion of its 2024 harvest in Australia, packing a total of 4.5 million kilograms of fruit. This includes kiwifruit, Nashi pears, European pears, jujubes, and plums. The kiwifruit yield reached an impressive 2.2 million kilograms, marking a 161% increase from last year. This significant boost is attributed to favorable growing conditions and innovative cultivation techniques.

Overcoming Weather Challenges

Both Australia and New Zealand have seen a recovery after facing two years of adverse weather, including flooding, hail, and heavy rainfall. Seeka's improved harvest is a testament to the resilience and adaptability of its growers and the effectiveness of new agricultural methods.

Strong Market Reception

The increased fruit volumes have been well-received in both domestic and international retail markets. Seeka's sales program has shown strong performance, reflecting robust demand for its produce. The company is optimistic about its market prospects and plans to provide financial guidance later in the year.

Acknowledgment of Efforts

Seeka expressed gratitude to its Australian suppliers, contractors, and staff for their dedication and hard work in ensuring the successful conclusion of the 2024 harvest. The collaborative efforts of these teams have been pivotal in achieving this year's impressive results.

Looking Ahead

With the successful completion of the harvest, Seeka is poised to capitalize on the increased production volumes. The company remains committed to leveraging its innovative growing techniques and favorable conditions to continue delivering high-quality produce to its markets. Further updates on the financial outlook are expected as the year progresses, keeping stakeholders informed of Seeka's performance and future plans.

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