Primary Sector
Explore the latest primary industry news by BusinessDesk.
Listed Companies
Fonterra says full-season milk collection up 1.2%
By Gavin Evans June 26 (BusinessDesk) - Fonterra says its New Zealand milk collection for the year through May rose 1.2 percent despite a weak end to the season. New Zealand’s biggest milk processor collected 1,522.7 million kilograms of milk solids in the year, and noted t...
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Law & Regulation
Milk testing firm GEA Milfos to pay $925k for fixing prices
By Paul McBeth June 25 (BusinessDesk) - Milk testing technology firm GEA Milfos International will pay $925,000 in penalties and costs after admitting that it fixed prices on milk sensors with rival Dairy Automation. In the High Court in Auckland last Thursday, Justice Edw...
Economy
Dairy sales push May exports to record high
By Rebecca Howard June 25 (BusinessDesk) - Dairy exports - to China in particular - helped propel May exports to a record high and meant the monthly trade surplus was slightly wider than expected. Exports rose 8.5 percent to $5.8 billion on the year in May while imports ro...
Listed Companies
King Salmon sees flat earnings for 2020 on slightly bigger harvest
By Paul McBeth June 21 (BusinessDesk) - New Zealand King Salmon Investments expects 2020 annual earnings will match this year's take and it will boost capital spending in an effort to mitigate the higher mortality rate caused by warmer water. The company forecasts operatin...
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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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