Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Seeka Secures Northland Avocado Jewel

Seeka Secures Northland Avocado Jewel


Te Puke, 24 October 2017: Seeka Limited [NZX:SEK] has announced the purchase of Northland avocado orchard, Shirttail Orchard in Pukenui, Houhora, New Zealand which it will jointly own along with two other parties. The orchard will be renamed and operate as Rising Sun Orchard Limited.

The 28 hectare evenly contoured orchard has a proven high avocado production history. As part of the transaction, Seeka has also agreed to purchase an adjacent property for development, with up to six hectares for additional planting. Both the orchard and development property will continue to be managed by the existing owner and all staff have been retained, although now employed by Seeka.

Michael Franks, Seeka’s CEO, outlines that the purchase was an important step in expanding Seeka’s integrated avocado business. “This acquisition, of one of the best avocado orchards in Northland, compliments Seeka’s existing supply in the area. We will continue to actively look for orchard investments in the Far North.”

Franks explains that Seeka had strong demand in 2017 with its wholesale and retail avocado programmes in Australia and export and marketing programmes to Japan and Korea.

“Seeka operates at every part of the supply chain, as a grower, as the harvester and post-harvest packer, and as the marketer. Our brand has a reputation for premium quality and is sought after in key markets, and this quality focus translates to superior returns for our growers.”

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Ongoing Monetary Tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions... More>>



Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>



Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>


Electricity Authority: Imposes Interim Restrictions On Very Large Electricity Contracts

Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority... More>>


Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>


Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>