Primary Sector
Explore the latest primary industry news by BusinessDesk.
Property
Ngai Tahu launches review after poor year for honey and dairy units
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 profit of $37.5 million for the year ended June from $153.7 million the previou...
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Economy
Water, methane reforms a $7b hit to economy by 2050: Dairy NZ
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 Freshwater package "could significantly harm New Zealand's dairy sector and the wider...
Law & Regulation
Supreme Court to hear Synlait's appeal on Pokeno case
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 on with the next stage of the legal process and obtaining some certainty, it said...
Infrastructure
Port of Tauranga signals strong earnings despite Q1 freight decline
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 port will likely report full-year earnings of $96 million to $101 million, chief e...
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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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