Port of Tauranga today reported flat earnings in the first quarter of the financial year, as Covid-19 continues to impact supply chain efficiency and the global economy.
From July 1 to September 30 this year, the Port of Tauranga handled nearly 6.4 million tonnes of cargo, a 5 per cent decrease on the same period last year.
Containerised cargo decreased by 8 per cent to 287,670 TEUs (twenty-foot equivalent units). Imports were the same as the first quarter last year, and exports were down 8 per cent.
Log exports were performing in line with forecasts of 6.2m tonnes for the full year but remain vulnerable to variable international demand.
Dairy product exports decreased by about 12 per cent compared with the same period last year, which the port believed was due to seasonal variations. Kiwifruit exports increased by 9 per cent for the quarter.