A belief from one fuel company boss we won't face a total fuel drought.  

The Government's signed a deal with Z Energy to bring an extra 90 million litres of diesel into the country, to be stored at Marsden Point. 

Waitomo Chief Executive, Simon Parham told Ryan Bridge it shows there's supply out there to buy, especially in the Asia-Pacific region.  

He says South Korea has purchased crude from 17 different countries than they've traditionally bought from, showing the market's solving issues for itself because there's incentives to do it. 

LISTEN ABOVE  

A belief from one fuel company boss we won't face a total fuel drought. &nbsp;
The Government's signed a deal with Z Energy to bring an extra 90 million litres of diesel into the country, to be stored at Marsden Point.&nbsp;
Waitomo Chief Executive, Simon Parham told Ryan Bridge it shows there's supply out there to buy, especially in the Asia-Pacific region. &nbsp;
He says South Korea has purchased crude from 17 different countries than they've traditionally bought from, showing the market's solving issues for itself because there's incentives to do it.&nbsp;
LISTEN ABOVE &nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Simon Parham: Waitomo CEO on the fuel supply, Government's deal with Z Energy to store extra diesel at Marsden Point

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7ac8178b-cdc8-4797-9b38-b43b0006382a/transcript

Australia's starting to feel the economic effects of the energy squeeze stemming from conflict on the other side of the world.  

Annual headline inflation surged to 4.6% in March, up from 3.7% in February.  

It's the country's highest inflation rate since September 2023, when the economy was bouncing back after Covid. 

Westpac Chief Economist Kelly Eckhold told Ryan Bridge that New Zealand’s inflation is unlikely to reach the same peaks. 

He says New Zealand economists are predicting a peak of around the mid-4s, whereas Australia’s are expecting it to go well over 5%. 

LISTEN ABOVE  

Australia's starting to feel the economic effects of the energy squeeze stemming from conflict on the other side of the world. &nbsp;
Annual headline inflation surged to 4.6% in March, up from 3.7% in February. &nbsp;
It's the country's highest inflation rate since September 2023, when the economy was bouncing back after Covid.&nbsp;
Westpac Chief Economist Kelly Eckhold told Ryan Bridge that New Zealand’s inflation is unlikely to reach the same peaks.&nbsp;
He says New Zealand economists are predicting a peak of around the mid-4s, whereas Australia’s are expecting it to go well over 5%.&nbsp;
LISTEN ABOVE &nbsp;

Kelly Eckhold: Westpac Chief Economist on Australia's inflation surging to 4.6%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c9b0ed6f-08a5-4f42-8572-b43c0009af92/transcript

New Zealand is about to test its readiness for foot and mouth disease with a farm simulation next month on a Taranaki farm. 

It'll be followed by a national exercise including everything from mock on-farm detection, quarantine, and national governance decisions. 

Biosecurity Minister Andrew Hoggard says it's one thing to have a plan on paper and another to actually carry it out.  

He told Ryan Bridge other countries have managed to effectively contain it.  

Hoggard says in Germany it was kept at a single farm and still meant exports could go ahead from the rest of the country. 

LISTEN ABOVE  

New Zealand is about to test its readiness for foot and mouth disease with a farm simulation next month on a Taranaki farm.&nbsp;
It'll be followed by a national exercise including everything from mock on-farm detection, quarantine, and national governance decisions.&nbsp;
Biosecurity Minister Andrew Hoggard says it's one thing to have a plan on paper and another to actually carry it out. &nbsp;
He told Ryan Bridge other countries have managed to effectively contain it. &nbsp;
Hoggard says in Germany it was kept at a single farm and still meant exports could go ahead from the rest of the country.&nbsp;
LISTEN ABOVE &nbsp;

Andrew Hoggard: Biosecurity Minister on the trial of New Zealand's response to foot and mouth disease

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/27f9304f-5723-4abc-8e9f-b43c0007d99a/transcript

Andrew Hoggard: Biosecurity Minister on the trial of New Zealand's response to foot and mouth disease (1)

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cdf74aff-0707-46a0-a521-b43c0007b659/transcript

Simon Parham: Waitomo CEO on the fuel supply, Government's deal with Z Energy to store extra diesel at Marsden Point

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