![Port of Tauranga lifts profit as container volumes fall](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Port of Tauranga lifts profit as container volumes fall
The Port of Tauranga said its underlying group net profit rose by 1.3 per cent to a record $78.3m thanks to an increase in bulk cargo.
The Port of Tauranga said its underlying group net profit rose by 1.3 per cent to a record $78.3m thanks to an increase in bulk cargo.
Dairy prices showed signs of stabilising overnight, with the GlobalDairyTrade main price index slipping by just 0.6 per cent.
Russia is scouring the world for produce ranging from Chilean salmon to Egyptian oranges to fill a big hole left by its ban on Western food imports.
A one-year ban instituted by Russia on food imports from the West could hurt NZ's dairy trade, even though local exports are exempt, say economists.
The South China Morning Post's editors have a sense of humour: "New Zealand MP Winston Peters accused of racism over Wong joke" was the headline.
"Certification" seems a benign enough word. But it hides an extraordinary power that the United States is expected to assert if the Trans-Pacific Partnership (TPP) is concluded.
Auckland infant formula maker New Image says it is "getting back into production" for the Chinese market now it has finally received clearance to export its products.
Falling dairy prices could weigh on the NZ dollar and help push the currency as low as US80c against the greenback by the end of this year, says an analyst.
Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar.