Home' Greymouth Star : June 23rd 2015 Contents Greymouth Star
Tuesday, June 23, 2015 - 5
PICTURE: Auckland Zoo
Anjalee trumpets its arrival at Auckland Zoo.
Zoo’s new elephant checks in
Auckland Zoo’s new heavyweight
Anjalee was gallivanting around its
paddock yesterday to celebrate its first
morning in New Zealand.
The 1.7-tonne female Asian elephant
was brought from Sri Lanka to New
Zealand, via Niue for a three-month
quarantine, to keep the zoo’s 32-year-
old female elephant Burma company.
Burma has been lonely since its
friend Kashin died in 2009 and the
idea is for it to take on the role of
matriarch, almost like an older auntie
to eight-year-old Anjalee.
Auckland Zoo head of life sciences
Kevin Buley said the elephant has
already been out and about in her
paddock, greeted by a round of
applause from zoo visitors.
Burma and Anjalee were aware of
each other but had not yet met as they
were being kept in separate enclosures.
It would take Burma a bit of time
to get used to the new “elephant in
the room” after six years but the team
was hopeful the two animals could
meet within days or weeks instead of
months, Mr Buley said.
“They are very capable of thinking
for themselves and making their
own decisions so there is an element
of where, like a dating agency
introducing two people for the first
time, we need to do it carefully with
an awareness that we’ve got to give
them the time and space to get used
to it rather than force anything.
“ It ’s step-by-step. It ’s one day at a
time, almost one hour at a time, seeing
how they go until the point where we
can actually put them together. But
the early signs are encouraging,” Mr
The “common glue” for the elephants
would be the elephant team at
Auckland Zoo which was already
developing a strong relationship with
the newcomer, he said.
The team was introduced to Anjalee
almost two years ago at the elephant
orphanage in Sri Lanka. — NZ ME
Tickets for AC/DC’s Rock or Bust
tour have gone on sale, with tens of
thousands of New Zealand music fans
snapping up tickets in a matter of hours.
Over 30,000 tickets for the two New
Zealand stadium shows were sold in four
Promoter Garry Van Egmond said
he was delighted with the enthusiasm
shown by fans.
The Rock or Bust tour had been
specifically designed for stadiums
worldwide to ensure as many fans as
possible could see AC/DC perform live,
Van Egmond said.
“ We have good capacity but tickets
are selling fast. If you’re thinking about
going, don’t think too long about it.”
AC/DC will play in Wellington on
December 12 at Westpac Stadium,
and in Auckland on December 15 at
The band has already played to record
crowds in Europe, setting a world record
for the number of sold tickets within the
shortest timespan in Germany — more
than 300,000 tickets sold-out in 77
— N ZM E-New Zealand Herald
AC/DC sales hit 30,000
Rabobank has pushed out its
forecasts for a sustained upturn in
the dairy market by three months
until the first-half of 2016 because
of higher-than-anticipated stock
levels brought on by the removal
of European Union’s production
quotas last April.
The rural lending specialist ’s
latest Dairy Quarterly report said
a recovery phase was nevertheless
The bank’s director of dairy
research New Zealand and Asia,
Hayley Moynihan, said the dairy
market ’s correction had been largely
delayed by the removal of European
Union quotas, which had bolstered
“ We are currently operating in
an environment where global milk
production is rising faster than local
demand growth, and there is simply
too much milk in the market,” she
This had left exporters looking for
additional offshore sales at a time
when China and Russia had been
largely absent, she said.
Given the timing of the expected
market recovery, a return to more
sustainable New Zealand farmgate
milk prices was unlikely to occur
before the 2016-17 production
season, she said.
Rabobank’s report follows last
week’s Global Dairy Trade auction,
which saw prices drop by 1.3% from
the previous auction a fortnight
earlier. NZX dairy futures market
prices have weakened further since
“Post Tuesday evening’s GDT
auction, there has been ongoing
weakness in the NZX futures cur ve,
which suggests that the recovery
might not be as quick as we had
initially hoped,” Mike McIntyre,
head of derivatives at First NZ
At last week’s GDT auction,
wholemilk powder for August 15
shipment traded at $US2285 a
tonne, compared the July futures
contract of $US2260 and $2250 for
the August contract.
Whole milk powder prices make
up about 75% of Fonterra’s farm
gate milk price, which the co-
operative has forecast to be $5.25
a kg of milk solids for the current
One partially offsetting factor
for exporters has been the New
Zealand dollar, which has been
steadily falling since the end of
April. The rate of decline has
sped up since the Reser ve Bank
embarked on an interest rate easing
cycle on June 11.
Against US dollar — the key
currency for dairy exporters —
the New Zealand dollar was at
US69.10c — down about US9c
(11.5%) since the start of the year.
But as far as the extent of foreign
exchange gains or losses go, much
depends on the hedging strategies
that individual exporters have in
Rabobank said that while global
milk production was set to continue
to increase, the rate of growth is
expected to slow particularly out of
New Zealand and the United States,
while an improvement in demand
should see some rebalancing in the
market by early next year.
“ However, the rate of initial price
recovery will be dampened as the
market works through accumulated
excess stocks. And as such, we are
unlikely to see the stronger upward
momentum in prices until the
second quarter of 2016,” she said.
New Zealand farmers have borne
much of the brunt of the weakness
in international dairy markets, with
the farmgate price in May being
around 57 and 39% lower than milk
prices in the US and Netherlands,
respectively. Economists expect
farmers to cut back on their rates of
supplementary feed and some may
lower their stocking rates through
Fonterra’s opening season forecast
of $5.25/kg has offered farmers a
glimpse of the light at the end of
the tunnel, ASB said.
Global dairy supply and export
growth is slowing and, all up, dairy
prices should be on the mend by
the end of year, it said.
“ But despite this better forecast,
farmer cashflows still have further
to fall,” ASB Bank bank said.
Using Fonterra’s milk price and
dividend forecasts, ASB calculated
that cashflow this season will fall
by about $1.38/kg, or 22%, to
$4.77/kg from $6.15/kg last season.
“As a result, cashflow is likely to
remain tight for another 12 months
even if this season’s milk price
exceeds expectations,” ASB said.
Bank sees slower
Airbus confirms Safe Air purchase
The Australian division of European
aerospace company Airbus has confirmed it
is buying Air New Zealand’s subsidiary Safe
Last week it was revealed Airbus Group
Australia Pacific was in the running to buy
the business, which does maintenance and
engineering for a number of military and
commercial customers, including the Royal
New Zealand Air Force.
Air New Zealand’s chief operations officer
Bruce Parton said the airline had been
exploring opportunities for some time to
secure a solid future for Safe Air.
Airbus Group Australia Pacific has more
than 1400 staff at 15 sites across Australia
and New Zealand. It has three operating
divisions — civil helicopters, government
helicopters and fixed wing — and maintains
Orion and Hercules aircraft for the Royal
Australian Air Force.
“O ur history with Safe Air spans more than
four decades and it’s important to us that we
ensure its success in the future. Airbus Group
is highly regarded in the aviation industry
and, as a world-class military ser vice provider,
is closely aligned with the ser vices Safe Air
undertakes,” Mr Parton said.
“This is a fantastic outcome for Safe Air and
its employees, with Airbus able to provide
guidance, direction and the resources that
will increase its capabilities and contribute to
its growth. This in turn will have a positive
impact on the local economy. ”
Jens Goennemann, managing director
Airbus Group Australia Pacific said Safe
Air’s work was closely aligned with his firm.
“ We’ve worked with Safe Air in the past
and for us, bringing the company into Airbus
strengthens our position and potential in
New Zealand. We look for ward to working
with our new colleagues on a daily basis,” he
Safe Air’s main facility is in Blenheim and
it also has staff based at the Ohakea and
Whenuapai air bases and in Melbourne,
The transaction is expected to be
completed next month and the details are
When in 2007 Safe Air won a $110 million,
six-year contract to work on RNZAF planes,
about 350 people worked there. Staff numbers
have been cut since.
Airbus is in line to bid to replace New
Zealand’s ageing Hercules fleet with its new
heavy military transport aircraft, the A400M,
when tenders are opened within the next few
Establishing itself in this country will
strengthen its case to sell the plane here, and
other smaller aircraft, to the air force. The
A400M programme did however, suffer a
setback when one of the aircraft crashed in
Spain last month. — N Z ME
Dollar’s fall set to hit retailers
Retailers may start to feel the
squeeze in coming months after
the fall of the New Zealand
dollar, but consumers are unlikely
to see drastic changes to prices,
according to retail experts.
The decline of the New
Zealand dollar, from near-parity
with the Australian dollar over
Easter down to 88.86c this week,
led to concerns from consumers
that retail prices might increase
to compensate, but ANZ chief
economist Cameron Bagrie said
consumers should not expect to
see immediate changes.
“ When the New Zealand dollar
went rocketing up near parity we
didn’t see the price of Australian
products come down by 10% so
the fact that it has now corrected
and probably then some, you just
have to be careful about drawing
a long bow and expecting big
turbo-charged price rises from
day one,” Mr Bagrie said.
“It’s still early days because the
product in the shops today will
have been bought when the New
Zealand dollar was a lot higher
than it is today, so it will be
another six or 12 months before
the economic impact starts
moving into the system. ”
director Rod Duke said he had
put hedging in place that would
likely see the company through to
Christmas, but he said if the dollar
continued to slide the company
would have to look at available
options, adding that increasing
prices was “a last resort ”.
His outlook for small to
medium-size retailers was less
“ We took out substantial cover
(hedging) and there would be a
lot of retailers who would not
have done that. A lot,” Mr Duke
“It ’s very hard for small and
medium-sized businesses to
do that — spend millions and
millions of dollars buying United
States dollars when it was 80c
and now it’s 60c. It’s hard and
very, very expensive.”
Mr Duke said he estimated
905 of retailers in the city and
shopping malls would not have
been able to afford hedging and
would have to look at how they
could maintain margins fairly
Retailers’ Association chief
executive Mark Johnston said it
was difficult to tell how much of
an impact the decline would have
later in the year, but said it would
not be a drastic jump. “If the
dollar continues to weaken over
time it will have an impact, it’s
got to have an impact on prices
locally,” he said.
“ I don’t think you’ll see price
spikes or prices jumping up by
a big amount but you might see
a little bit of a correction in the
marketplace six to 12 months
down the track as the impact
of the weaker dollar does come
Mr Bagrie said competition
in the retail sector was likely to
keep prices down in most areas,
particularly in electronics and
technology, with most retailers
having to absorb the extra costs.
“ I think retailing across
the board is generally pretty
competitive and some goods out
there, for example technology-
based goods, they keep coming
down in price, so it’s pretty hard
to change that trajectory. ”
Chen family still wants justice for Cissy
The brother of slain North Shore woman
Cissy Chen says his family is hurting at not
being able to bring his sister the justice they
feel she deser ves.
Standing by Trias Reser ve in Glenfield,
in front of the spot where Ms Chen’s
decomposing body was found 16 months
after she went missing on November 5, 2012,
Philip Chen spoke of his hope that new
witnesses would “be brave” and come for ward
with new information about his sister’s
Ms Chen’s partner Yun Qing “Jack” Liu, 58,
was acquitted of the 45-year-old accountant ’s
murder by a jury in the High Court at
Auckland last week.
After the acquittal, police said they would
not reopen any investigations.
Mr Chen said yesterday he was happy with
the North Shore police’s work on the case
and did not plan to hire a private investigator,
but he believed the Crown would consider
reopening his sister’s case if new evidence
He said there was a possibility there were
witnesses who had not come for ward because
they were scared or intimidated by the
prospect of being cross-examined.
He asked any potential witnesses to be
brave and talk to police.
“If a new witness or new evidence will come
out I think the Crown will reopen this case.
I hope somebody or some good people will
have seen something near here,” he said.
Mr Chen, whose younger brother Peter
stood silently behind him during yesterday’s
press conference, said he wanted to inform
the public about the details of the case now it
was no longer before the courts.
Mr Liu’s lawyer Michael Kan told the trial
the Crown could not prove beyond reasonable
doubt where, when, how or why the victim
was killed, and the jury agreed.
Following the verdict, Justice Sarah Katz
discharged Mr Liu, who has spent the last 10
months on electronically-monitored bail.
It was then revealed the jury had not heard
some evidence from the Crown because
Justice Katz ruled the evidence could
prejudice the jury against Mr Liu.
Philip Chen said the family hoped the case
could be reopened.
“ We feel it was very unfair and we could not
bring justice for Cissy.”
She had now been laid to rest by her family.
“ We buried her in New Zealand in
Auckland because Cissy really liked New
Zealand. So we want to satisfy Cissy’s soul.”
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