Weak aluminium prices won't help smelter
By Rebecca Howard | Tue, 05 Nov 2019
Aluminium prices fell for another month as global mining giant Rio Tinto reviews the future of the Tiwai Point aluminium smelter, including possibly closing the site near Bluff.The ANZ commodity price...
China tariff cuts a 'foot in the door' for NZ paper, packaging
By Gavin Evans | Tue, 05 Nov 2019
A phased tariff reduction for a range of paper and packaging products is an extra “foot in the door” into the Chinese market for those products, the country’s wood processors say.An upgrade to New Zea...
Westpac's stressed dairy loans tick up
By Jenny Ruth | Tue, 05 Nov 2019
Some heavily indebted dairy farmers are barely covering their interest payments despite relatively strong prices for several seasons, Westpac NZ chief executive David McLean says."The ones who've got...
Ngai Tahu launches review after poor year for honey and dairy units
By Victoria Young | Fri, 01 Nov 2019
A 76 percent plunge in annual profit for its commercial arm and challenging economic conditions has seen Ngai Tahu launch a wide-ranging review of its businesses. The South Island iwi posted a net...
Water, methane reforms a $7b hit to economy by 2050: Dairy NZ
By Pattrick Smellie | Wed, 30 Oct 2019
Implementing the government's freshwater clean-up reforms and cutting methane emissions will cost the economy about $7 billion a year by 2050, lobby group DairyNZ says.The government's Essential Fresh...
Supreme Court to hear Synlait's appeal on Pokeno case
By Rebecca Howard | Tue, 29 Oct 2019
Synlait Milk has won the right to appeal a decision restricting the land where its new $260 million Pokeno factory has been built to grazing, lifestyle farming and forestry.The company is now moving o...
Port of Tauranga signals strong earnings despite Q1 freight decline
By Gavin Evans | Fri, 25 Oct 2019
Port of Tauranga is forecasting a full-year profit of up to $101 million despite slightly weaker cargo volumes in the September quarter and a 6 percent decline in earnings. The country’s largest po...
Wrightson showcases Fruitfed Supplies as horticulture stands out
By Paul McBeth | Tue, 22 Oct 2019
PGG Wrightson devoted a chunk of today's annual meeting showcasing its Fruitfed Supplies division, with the country's biggest rural services supplier upbeat on the outlook for horticulture. The bo...