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

 


Farmers get into the Port business

2 July 2014

Farmers get into the Port business

Three years after welcoming the formation of Kotahi, the joint freight logistics of Fonterra Cooperative Group and Silver Fern Farms, Federated Farmers South Canterbury is excited that the Port of Timaru will play a leading role in exporting South Island product to the world.

“Since Kotahi translates as standing together as one Federated Farmers is excited about what this means for South Canterbury’s development as a major South Island’s logistics hub,” says Ivon Hurst, Federated Farmers South Canterbury provincial president.

“News that Kotahi is to hub out of Timaru is great. News that Kotahi has taken a half-share in the Port of Tauranga owned container terminal operating assets at PrimePort is fantastic.

“Here are two farmer-owned cooperatives, not only pooling their freight logistics, but actually investing in physical port infrastructure. This deal means a resumption of container freight from 1 August into Timaru off the back of a substantial container volume commitment.

“We are talking 80,000 containers up from the current 20,000 going through PrimePort.

“This locks in PrimePorts’ potential to be to the South Island what Tauranga is to the North. As Kotahi is now a partner of the Port of Tauranga in Timaru’s container terminal, we have an amazing opportunity to develop South Canterbury into a major logistics hub.

“Last August, Timaru Container Terminal Limited at PrimePort became an independent international operating facility with the signing of the Customs Controlled Area licence.

“That development, in concert with the Port of Tauranga developing an “inland port” near to Christchurch at Rolleston, makes Timaru central to export freight within the Island.

“Timaru is within easy reach of the South Island’s largest meat and milk processing plants. With excellent rail access Timaru offers exporters maximum freight efficiency with the lowest carbon footprint.

“For Canterbury’s exporters it means avoiding all of our shipping eggs being in Port Lyttelton’s basket. We always knew PrimePort was a jewel but now it is sparkling bright.

“Timaru’s wider growth prospects are looking up given the strength of the primary industries here makes us a sound location to be an export hub. With a deep water container services port on our doorstep we can easily see value-added production coming here as well.

“We can peg this as another positive outcome of the Opuha Water Storage Scheme since it has drought proofed swathes of our province and underpinned primary growth.

“It’s good for jobs and it is going to be very good for the South Island’s exporters,” Mr Hurst concluded.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news