Territory Stories

The Northern Territory news Wed 5 Sep 2012



The Northern Territory news Wed 5 Sep 2012

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NT news


The Northern Territory news; NewspaperNT




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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

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Nationwide News Pty. Limited

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Copyright. Made available by the publisher under licence.

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Nationwide News Pty. Limited



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www.ntnews.com.au Wednesday, September 5, 2012. NT NEWS. 23 P U B : NTNE-WS-DA-TE:5-SEGE:23 CO-LO-R: C-M Y-K 24 Rising incomes in theTerritory 25 Bigplans for MtToddmine 26 Mid-week real estate Businesses hit by gas price increase By ALISON BEVEGE ContinuedPage 24 TERRITORY business costs have increased, from cold storage to fishing, after coolant gas prices soared in July. Some refrigerant gasses more than quadrupled in July after the synthetic greenhouse gas levy, part of the carbon tax, was introduced. One gas, R404A, went from $92.88/kg to $377.71 accord ing to a Heatcraft price list obtained by Business Week. Those using cold storage and freezing facilities will be affected in only a small way if they have to top-up systems that have leaked. But those who need to gas up new systems will bear the full brunt of the cost hike. Wyuna Cold Store is one such business. It keeps frozen groceries such as meat, bread, chicken, milk and juice to distrib ute to remote communities. Its East Arm Point warehouse recently burnt down so the company refurbished the old IGA building at Truck City, Berrimah. Wyuna Cold Store general manager Sam Wagner said they had to re-gas all the refrigeration. We havent got the gas bill yet but Im scared, he said. We wish we could have done it in June. Weve had an indication that it will be well into the tens of thousands of dollars. Austop Fisheries owner Biagio Spinella has bought a new boat that he needs to set up with gas. He also uses a lot of refrigeration to keep up to 150 tonnes of fish in cold storage. Mr Spinellas two fishing boats have to hold fish at -30C to keep them frozen and his processing and storage rooms need cooling. He has estimated the gas price increase has cost him about $100,000 across his business. And thats on a business that only turns over $1 million per year, he said. Why dont they put a carbon tax on all frozen goods coming into the country? Theres no carbon tax for them but my whole business is based on refrigeration. Barry Albrecht from Arnhem Mangoes is gearing up for harvest in his orchard at Lambells Lagoon Picture: JUSTIN SANSON Mango season nears as fruit ripens MANGO season is about to begin in earnest as the plump fruit are ripening in the heat. The first fruit ripen in Darwin with the peak crop season in October. In late November the season finishes in Katherine. Mango farmer Barry Albrecht said he was about two weeks away from harvest at his 89ha orchard. Mr Albrecht tends to 11,000 trees at Arnhem Mangoes in Lambells Lagoon on Darwins outskirts. Its a normal season but we pray for no wet weather, he said. Rain destroys the crop . . . and downgrades the fruit quality. Mr Albrecht said the Territory was the best place to farm as the mangoes ripen ed before their competitors in Queensland. The early crops are first into the market and get better prices, he said. Mr Albrecht expects to hire 120 workers for the harvest, which lasts from six to eight weeks. He will produce about 200,000 boxes of fruit of which Woolworths buys 30 per cent. The remainder goes to wholesale markets. NT Farmers head Grant Fenton said that about 1500 truckloads of mangoes would soon be heading to the south. While finding labour is not a problem this year, Mr Fenton said the carbon tax was a concern for farmers who were not yet sure how it would affect their costs. Last year about 32,000 tonnes of mangoes had been produced, but this year the harvest is expected to be slightly smaller at about 30,000 tonnes. Mr Fenton said the industry pumped about $50 million into Litchfield and Katherine shires. Last year about 4.5 million trays, worth $80 million, were harvested. MARKET SNAPSHOT CURRENCY WhatyourAussieDollarwas worthyesterday: BUY SELL USdollar 1.0569 0.9802 Canadian 1.0483 0.9430 UKSterling 0.6690 0.6098 Euro 0.8472 0.7675 NZDollar 1.3245 1.2251 HKDollar 8.2602 7.5183 Singapore 1.3366 1.1901 Yen 85.80 75.14 PNGKina 2.4681 1.7100 SARand 8.9250 7.9924 IndonRph Onapp 8733.27 SwissFr 1.0356 0.9264 Fijian 1.9151 1.7051 Philippine Onapp 37.98 Malaysian Onapp 2.8292 ThaiBaht 33.30 27.91 Ratesare for travellerschequesonly.Suppliedbythe CommonwealthBankasacommunityservice.Rates aresubject tochange. INTERESTRATES 30-Daybankbills 3.56% 60-Daybankbills 3.55% 90-Daybankbills 3.55% 180-Daybankbills 3.49% Unofficial cashrates: (11am) 3.50% INDICES LAST CHG AllOrds 4325.60 26.00 S&P/ASX200 4303.50 26.20 SmallOrds 2172.30 8.60 DowJones 13,090.84 +90.13 Nasdaq 3066.96 +18.25 HangSeng 19,559.2 +76.6 Nikkei 8783.89 -56.02 FTSE-100 5758.41 +46.93 RESOURCES $US last CHG Gold 1691.69 +1.85 Silver 32.09/oz +0.45 Oil 0 0 Copper 7674.75/t +68.50 Zinc 1849.75/t +34.00 Lead 1999.25/t +34.75 Aluminium 1908.0/t +24.25 Uranium 48.50/t -0.50 ONTHEMONEY DanielGrollo CEO Grocon Wevebeenat this forover13 daysnow.Wemustget the recoveryof thosecosts. STOCKTOWATCH BC IRONLTD Theheadof junior ironoreminer BC IronsaysChinasdemandfor thesteelmakingcommoditywill pickupagainunder itsnexthead ofgovernment.Up18c to$2.55