Southern exporters are being cautioned to plan ahead for
shipping space with the likelihood major shipping lines will
again not be offering unscheduled vessel visits to take
pressure off peak season loads.
Volatility in the New Zealand dollar has cost exporters an
estimated $6.6 billion during the past two and a-half years,
according to the New Zealand Manufacturers and Exporters
Association.
The strong New Zealand dollar
might be helping to keep a lid on inflation but it is costing
export returns, Federated Farmers national president Bruce
Wills has warned.
Southern exports are unaffected by the national shortage of
shipping containers, which has been further compounded by the
use of thousands around Christchurch to form protective
barriers.
Surging global commodity prices underpinned a quarterly
increase in export and import prices, but the 0.9% gain in
the terms of trade was well below expectations of around 2.%.
New Zealand's export-led recovery is in danger of stalling as
the New Zealand dollar continues to appreciate against
currencies of its major trading partners.
Granting consent for Port Otago to deepen and widen its
channel will be in the best interests of New Zealand's export
sector, Fonterra trade and operations general manager
strategy Nigel Jones says.