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Michael Franks

👤 Speaker
174 total appearances

Appearances Over Time

Podcast Appearances

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

So in reality, Sika doesn't play in that market.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

The growers that supply Sika...

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

or those growers who have their orchards managed or leased by Sika will determine whether they want to play in that game or not.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

We monitor how many of them are buying what so we can lay on the capacity for them and make sure we've got occupancy for them when they need it.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

But outside of that we don't play.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

But the key thing for us is it means that we're going to have increased demand for our infrastructure services when those orchards come on stream.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

I think the Red 80 variety sounds and looks to be excellent.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

We understand it's got good size and good yield.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

Zespri certainly had been promoting it heavily in places like the Field Days.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

It was very well supported in the most recent auction.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

So we're looking forward to handling that product when it comes through into production.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

Well, I think in reality what it does is it gives Zespri the potential for another market to be added to its mix, because at the moment we're paying high tariffs in that market, and so there is an opportunity for Zespri, one, to improve the returns it's currently getting from India,

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

And two, sell more fruit into that market and give it some resilience in case some of the other markets falter or they have economic issues or geopolitical issues within the market that actually slows them down.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

Other than me?

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

Yeah.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

Well, effectively, we've got excellent performance for growers.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

We've got the capacity to handle their fruit when they need it.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

We're very disciplined.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

We keep things and keep product within very tight, disciplined timelines.

Shared Lunch
Seeka’s $440m high-tech harvest (Kiwifruit & more)

We are cost-effective.