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Primary Sector

Explore the latest primary industry news by BusinessDesk. 

Shorn Fonterra likely to keep ingredients business - Jarden
Rebecca Howard | Tue, 18 Jun 2019

By Rebecca Howard June 18 (BusinessDesk) - Fonterra Cooperative Group needs to present a coherent investment case for the surviving business challenged by volatile earnings and limited New Zealand milk supply growth, according to Jarden analysts.  Last month, Fonterra added...

Fully automated milking several decades away - Dairy NZ
Paul McBeth | Tue, 18 Jun 2019

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...

Farm debt mediation will ensure fair process - O'Connor
Paul McBeth | Mon, 17 Jun 2019

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...

Keytone Dairy to buy Australian Omniblend processor for A$22.4M
Paul McBeth | Mon, 17 Jun 2019

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...

Forestry encroachment an issue for councils - Sage
Gavin Evans | Thu, 13 Jun 2019

By Gavin Evans June 14 (BusinessDesk) - Forestry encroachment onto higher-value farm land is an issue for councils to manage, Lands Minister Eugenie Sage says. The national environmental standard for plantation forestry doesn’t set out to encourage forestry on good farm lan...

China's appetite for NZ red meat is surging
Jenny Ruth | Thu, 13 Jun 2019

By Jenny Ruth June 13 (BusinessDesk) - China has been New Zealand’s largest market for red meat for some time and growth in that market is surging. Meat Industry Association analysis of Stats NZ figures shows China accounted for 36 percent of total red meat exports in April...

NZ dairy industry to invest $25.7 mln to improve national dairy herd
Rebecca Howard | Wed, 12 Jun 2019

By Rebecca Howard June 13 (BusinessDesk) - New Zealand's dairy industry is investing $25.7 million in an innovation project to produce better cows.  The seven-year programme, called Resilient Dairy: Innovative Breeding for a Sustainable Future, was launched at Fieldays. It...

NZ primary industry exports seen rising 7.1% this year
Rebecca Howard | Wed, 12 Jun 2019

By Rebecca Howard June 13 (BusinessDesk) - The government expects primary industry export revenue will rise 7.1 percent to $45.7 billion in the June year, but predicts growth will be flatter in the future.  The lift marks the "second straight year of substantial export grow...

Overseer to get revamp, farmers to benefit from budget projects
Rebecca Howard | Wed, 12 Jun 2019

By Rebecca Howard June 12 (BusinessDesk) - Up to 2,200 farmers will get on-the-ground support through the $229.2 million Sustainable Land Use budget package and support tools - like Overseer - will be upgraded.  Agriculture Minister Damien O’Connor and Prime Minister Jacind...

Rangatira maintains dividend as profit dips on Hellers sale
Paul McBeth | Tue, 11 Jun 2019

By Paul McBeth June 11 (BusinessDesk) - Rangatira Investments maintained its dividend in the face of weaker earnings following the sale of smallgoods maker Hellers. The Wellington-based investment firm will pay an unchanged dividend of 36 cents per share on June 21. That ta...

NZ first qtr manufacturing bolstered by strong volume of meat, dairy products
Rebecca Howard | Mon, 10 Jun 2019

By Rebecca Howard June 11 (BusinessDesk) - The biggest increase in the volume of meat and dairy products for five years helped drive increased manufacturing sales in the March quarter.  The volume of manufacturing sales rose a seasonally adjusted 2 percent in the three mont...

Allied Farmers sees steady FY operating earnings despite headwinds
Rebecca Howard | Mon, 10 Jun 2019

By Rebecca Howard June 11 (BusinessDesk) - Allied Farmers expects annual operating earnings to be generally consistent with the prior year despite headwinds from the likes of the Mycoplasma bovis outbreak.  The company says the livestock business remains challenging, with f...

Synlait seeks leave to appeal Pokeno land covenants decision
Rebecca Howard | Fri, 07 Jun 2019

By Rebecca Howard June 7 (BusinessDesk) - Synlait Milk has filed for leave to appeal to the Supreme Court in an effort to remove covenants over its Pokeno site. The company says it is still confident it can reach a solution with the involved parties, but lodged its applicat...

NZ commodity prices largely unchanged in May
Rebecca Howard | Thu, 06 Jun 2019

By Rebecca Howard June 6 (BusinessDesk) - New Zealand's commodity prices were unchanged in the month of May and were slightly higher on the year, the ANZ Bank's monthly commodity price index shows. The ANZ world commodity price index was unchanged in May having gained 2.6 p...

UPDATE: Fonterra to get veto rights on open entry requirement
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 requirement to accept milk from all-comers, but it will also face greater oversight...

Farmers less happy with banks and RBNZ capital requirements signaled as a factor
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 overall satisfaction with banks hit the lowest level since its first survey in August...

Dairy product prices decline for second straight time
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 price index dropped 3.4 percent from the previous auction two weeks ago. The averag...

Danone cleared to indirectly hold up to 65% of Yashili NZ
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 Investment Office to purchase up to 49 percent of the local dairy processor. "The...

NZ first quarter terms of trade rebound on strong dairy volumes
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, which measures the purchasing power of New Zealand's exports relative to imports,...

Climate change burden, benefits must be spread fairly
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 professor David Frame says. Moving New Zealand to a net-zero carbon economy will ha...

Fonterra shares, units plumb record lows as milk production falls
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 Australian production fell 10 percent in March. Fonterra Co-operative shares,...

Plan needed for competing wood demands - Fonterra
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, Fonterra says. Co-firing the firm’s Brightwater milk powder plant near Nelson on a...

Innovate on climate challenge or lose the public, Jones tells industry
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 Development Minister Shane Jones says. New Zealand First is not going to allow...


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