South Port cuts guidance on forestry export ban

South Port cuts guidance on forestry export ban
Gavin Evans
South Port New Zealand said reduced cargo and increased costs from covid-19 health protocols may mean the company misses the reduced earnings guidance it provided six weeks ago.The operator of the Bluff port last month said June-year profit could fall to between $8.2 million and $8.7 million, down from $9.8 million the year before, due to reduced log and fertiliser tonnages.On Friday, port chairman Rex Chapman said that earnings were now expected to be at the lower end of that range “or slightly less.”“This guidance is based on a number of assu...

More Primary Sector

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Riley Kennedy 02 Jul 2025
MPI led the Fieldays charge
Primary Sector

Cameron Bagrie: MPI led the Fieldays charge

Fieldays was a class act, once again, with MPI as the lead actor.

Cameron Bagrie 26 Jun 2025