Primary Sector
Explore the latest primary industry news by BusinessDesk.
Policy
Overseas forestry investment rules to be tested - Jones
Officials will look in the new year at whether recent changes to foreign investment rules for forestry need to be “tweaked” to deliver better land use outcomes, Forestry Minister Shane Jones says.Planting for expansion of the country’s forestry industry and as a carbon sink to he...
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Law & Regulation
Zespri claim must go on without lead witness, judge rules
A multi-million dollar claim against Zespri has been hanging about too long and must go to trial next year, a High Court judge has ruled. This is despite the fact that the main witness for the company bringing the case, Shanghai Neuhof, remains in a Chinese jail. Justice Ed Wylie...
Fonterra buys out minority in Chilean milk processor
Fonterra Cooperative Group has all but taken over its Prolesur milk processing business in Chile, buying out its minority shareholder, Fundacion Isabel Aninat. The New Zealand cooperative paid $29.3 million for Fundacion’s 13.6 percent stake, meaning Fonterra now owns 99.9 per...
Property
Drylandcarbon buys first property
A specialist carbon forestry fund established by some of the country’s biggest emitters has bought its first property.Drylandcarbon has agreed to buy the 1,600-hectare Te Puna station near Wairoa. About two-thirds of the property – much of it steep and erosion-prone - will be pla...
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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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