Primary Sector
Explore the latest primary industry news by BusinessDesk.
Finance
Westpac lowers milk price forecast due to 'ongoing sluggishness' in Chinese market
The bank is now forecasting a milk price of $7.80 per kilogram of milk solids.
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News in Brief
Fonterra shareholders approve capital return scheme
Fonterra shareholders approved the scheme of arrangement for the return of approximately $800 million of capital to shareholders.Of the total shareholder votes cast, 99.24% were in favour.In November 2022, Fonterra announced it had sold its Chilean Soprole business to Gloria Foo...
News in Brief
Waikato farming operation fined for NAIT failure
A Waikato farming operation has been fined $32,500 for failing to notify the agricultural animal tracing scheme that it was moving more than 900 calves onto its farm.National Animal Identification and Tracing (NAIT) maintains the national database of cattle and deer movements.Ran...
Fonterra and Nestlé's sale of DPA Brazil faces challenge
The two dairy giants agreed to sell DPA for $210 million.
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Riley Kennedy
Journalist
Riley is the New Zealand Shareholders Association emerging journalist of the year, 2022. Riley's journalism experience includes more than a year as a business specialist at the Otago Daily Times. He has a diploma in journalism from Wintec.
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