Primary Sector
Explore the latest primary industry news by BusinessDesk.
Markets
ANZ warns sun setting on golden run for food exports
ANZ New Zealand economists warn the “sun is setting on the golden run” for Kiwi food exports as meat prices come off their elevated levels and as the coronavirus outbreak threatens to spoil the party.The bank’s monthly commodity price index fell 0.9 percent in January, led lower...
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Law & Regulation
Multi-million dollar Zespri claim pulled
A multi-million dollar legal claim against Zespri Group has been dropped, six years after it was filed. The claim brought by Zespri’s former Chinese importer Shanghai Neuhof arose after the kiwifruit marketer and the company were busted for under-declaring customs duties between...
Economy
Coronavirus fears weigh on dairy prices
Dairy product prices declined at the Global Dairy Trade auction on concern that the spreading coronavirus, which originated in China, will crimp demand. “Markets have been nervous that coronavirus and the associated practices to prevent spread of the virus will stop China buying,...
Markets
Open Country Dairy says no impact from coronavirus yet
Open Country Dairy, New Zealand's second-largest milk processor, saw its full year net profit lift 34 percent on increased volumes and said a short-term negative impact from the coronavirus is likely. Profit was $31.42 million in the year ended Sept. 30 from $23.48 million a yea...
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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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