Record freight prices choking NZ exporters

Record freight prices choking NZ exporters
Rough sailing: Sanford struggles to get core product to markets (Supplied)
Brent Melville
Already record high global container shipping spot rates are sailing into uncharted waters as demand outstrips container availability. Commodities intelligence group S&P Platts said this week that container spot rates had spiked above US$15,000 for forty-foot-equivalent-units (FEU) exiting Asia for the US, as firms grow increasingly concerned about shifting cargo out of full Asian warehouses and factories. Those prices are more than fivefold the US$2,550/FEU of a year ago. This is adding pressure to rates paid by trans-Tasman...

More Primary Sector

Meet the new boss of Fonterra's foodservice business
Primary Sector

Meet the new boss of Fonterra's foodservice business

Teh-han Chow led Fonterra's Greater China business for six years.

Riley Kennedy 03 Jun 2025
'Disciplined approach': Miraka sets opening milk price at $9.85/kgMS
Primary Sector

'Disciplined approach': Miraka sets opening milk price at $9.85/kgMS

It is important to understand the full picture, the company says.

Riley Kennedy 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025