Seeka's core Bay of Plenty kiwifruit growing region was spared the worst of
the weather and was not materially impacted by the event.
However, the Hawke's Bay, Gisborne, Coromandel and Kerikeri regions had
varying degrees of impact, with Hawke's Bay being worst hit. Approximately 5%
of Seeka's kiwifruit supply is grown in the Hawke's Bay region. Seeka will
continue to assess the impact of the cyclone and will update the market if it
identifies a material loss.
Seeka has made an initial assessment of its major assets and has not
identified any significant damage.
Harvest 2023 kiwifruit volumes are expected to be lower than the 2022 harvest
year due to an early season frost, variable bud break and now this cyclone.
Our response to this circumstance includes a reduction to the 2023 capital
expenditure programme and a focus on reducing costs in line with the lower
crop expectation.
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