Tegel shares take flight on access to Australia

Thu, 18 Aug 2016

By Edwin Mitson Aug. 18 (BusinessDesk) - Tegel Group shares have risen sharply in response to an announcement that it will be able to export raw poultry to Australia for the first time. In a statement to the NZX, Tegel told investors that previously exports had been limited to fully cooked chicken, but work alongside the Ministry for Primary Industries had secured changed access conditions to the market across the Tasman. The shares rose 7.3 percent, or 12 cents, to $1.76. Tegel exported chicken valued at A$70 million to Australia in...

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