Primary Sector
Explore the latest primary industry news by BusinessDesk.
Finance
KPMG says bank capital proposals will wreck havoc on dairy farmers
By Jenny Ruth July 19 (BusinessDesk) - KPMG says the Reserve Bank’s bank capital proposals will lead to less bank lending to farmers and at significantly higher interest rates on the loans they’re prepared to provide. The accounting firm says the proposals in their current...
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ASB
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Infrastructure
Fonterra to go coal-free 11 years ahead of schedule
By Rebecca Howard July 18 (BusinessDesk) - Dairy giant Fonterra Co-operative Group said it is shaving 11 years off its coal target, putting an immediate stop to installing any new coal boilers or increasing capacity to burn coal. “One of the emerging themes in our strategy...
Infrastructure
Methane reduction target could be catastrophic - Fonterra Shareholders' Council
By Rebecca Howard July 17 (BusinessDesk) - The government's proposed 2050 methane reduction target could be "catastrophic" for New Zealand unless there is a major scientific breakthrough in the meantime, the Fonterra Shareholders' Council says. The Climate Change Response A...
Markets
Dairy product prices gain for first time in five auctions
By Margreet Dietz July 17 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, climbing for the first time in five auctions, on stronger appetite for milk powder. The GDT price index rose 2.7 percent from the previous auction two weeks ago. The aver...
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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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