UPDATE: Fonterra to get veto rights on open entry requirement
By Paul McBeth | Thu, 06 Jun 2019
(Adds Fonterra comment in last 2 paragraphs) By Paul McBeth June 6 (BusinessDesk) - Primary Industries Minister Damien O'Connor will grant Fonterra Cooperative Group a little relief over its req...
Farmers less happy with banks and RBNZ capital requirements signaled as a factor
By Rebecca Howard | Tue, 04 Jun 2019
By Rebecca Howard June 5 (BusinessDesk) - Federated Farmers is pointing the finger at the Reserve Bank's proposed increase in bank capital requirements as more farmers feel under pressure and overa...
Dairy product prices decline for second straight time
By Margreet Dietz | Tue, 04 Jun 2019
By Margreet Dietz June 5 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, sliding a second consecutive time, as whole milk powder continued its retreat. The GDT pri...
Danone cleared to indirectly hold up to 65% of Yashili NZ
By Rebecca Howard | Tue, 04 Jun 2019
By Rebecca Howard June 4 (BusinessDesk) - Danone SA can indirectly hold up to 65 percent of Yashili New Zealand Dairy Co after its Danone Asia Pacific unit got a green light from the Overseas Inves...
NZ first quarter terms of trade rebound on strong dairy volumes
By Rebecca Howard | Mon, 03 Jun 2019
By Rebecca Howard June 4 (BusinessDesk) - New Zealand's terms of trade rebounded in the first quarter on record export volumes of dairy products and cheaper imported fuel. The terms of trade, w...
Climate change burden, benefits must be spread fairly
By Gavin Evans | Mon, 03 Jun 2019
By Gavin Evans June 4 (BusinessDesk) - Setting stringent climate change targets without understanding their cost or feasibility risks placing an unfair burden on some sectors, climate change profes...
Fonterra shares, units plumb record lows as milk production falls
By Jenny Ruth | Thu, 30 May 2019
By Jenny Ruth May 30 (BusinessDesk) - Fonterra shares and units have fallen to record lows after the dairy giant said total New Zealand milk production fell 10 percent in April from a year ago and...
Plan needed for competing wood demands - Fonterra
By Gavin Evans | Wed, 29 May 2019
By Gavin Evans May 30 (BusinessDesk) - Wood is a viable industrial fuel but greater effort may be needed to ensure that new demand from processors doesn’t strip supplies from existing users, Fonter...
Innovate on climate challenge or lose the public, Jones tells industry
By Gavin Evans | Wed, 29 May 2019
By Gavin Evans May 29 (BusinessDesk) - Industry must demonstrate its ability to innovate and respond to climate challenge if it is to maintain the support of the voting public, Regional Economic De...
UPDATE: RBNZ's Orr sees a 'resilient' financial system but some elevated risks
By Jenny Ruth | Tue, 28 May 2019
(Updates story throughout with further details and comment) By Jenny Ruth May 29 (BusinessDesk) - Reserve Bank governor Adrian Orr is less concerned about housing loans but is still fretting abo...
Taupo lithium resource potentially economic - GNS
By Gavin Evans | Tue, 28 May 2019
By Gavin Evans May 29 (BusinessDesk) - Lithium resources in the Taupo volcanic zone are potentially economic but may require conventional open-cast mining techniques if they are to be developed, de...
NZ beef exporters recover lost market share in Japan as CPTPP kicks in
By Pattrick Smellie | Tue, 28 May 2019
By Pattrick Smellie May 27 (BusinessDesk) - Beef and sheepmeat exporter ANZCO says sales in the Japanese frozen beef trade are recovering, thanks to tariff reductions for New Zealand produce under...