Port prices ‘may result in excessive profits’ – Commerce Commission

The Commerce Commission’s findings that Eastland Port’s recent behaviour may result in excessive profits should send a signal to other ports around New Zealand, one forestry industry leader says.

Following complaints in 2012 by the Eastland Port Forestry Industry Customer Group (EPFICG) about the extent of price rises notified by Eastland Port, the commission undertook a preliminary assessment.

Eastland Port had substantially increased the prices it charges its forestry customers who use the port to export logs from the Gisborne region.

 

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