Business
Primary Sector
Fully automated milking several decades away - Dairy NZ
By Paul McBeth June 18 (BusinessDesk) - Industry body Dairy NZ sees fully automated milking as a major opportunity to lift on-farm productivity, but doesn't expect it to be commonplace for several decades. About 44 percent of the country's dairy herd are milked in more eff...
Retail
NZ consumer confidence still downbeat in June quarter
By Rebecca Howard June 18 (BusinessDesk) - New Zealand households remain downbeat with consumer confidence dipping in June and remaining at below average levels, the latest Westpac McDermott Miller survey shows. The consumer confidence index fell 0.3 points to 103.5 in the...
Finance
Farm debt mediation will ensure fair process - O'Connor
By Gavin Evans June 17 (BusinessDesk) - Mandatory mediation before enforcement is taken against farmers struggling to meet their loan commitments will ensure a fair process and take some of the pressure off rural families during times of stress, Agriculture Minister Damien O’C...
Primary Sector
Keytone Dairy to buy Australian Omniblend processor for A$22.4M
By Paul McBeth June 17 (BusinessDesk) - ASX-listed Keytone Dairy, which owns a dairy factory in Christchurch, will pay A$22.4 million in cash, shares and assumed debt for Australian powder processor Omniblend. The acquisition builds on its A$15 million initial public offer...
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