Primary Sector
Explore the latest primary industry news by BusinessDesk.
Infrastructure
Ballance partners with Hiringa for Kapuni hydrogen project
By Gavin Evans June 20 (BusinessDesk) - Ballance Agri-Nutrients is to develop 16 MW of wind generation at its Kapuni site as part of a plan to produce renewable hydrogen there. The fertiliser maker has partnered with Hiringa Energy to develop the $50 million project at its...
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Markets
CORRECT: Zespri signals profit growth, trims expected fruit and services payment
(Corrects share performance in fourth paragraph of story that ran June 19 to adjust for stock split.) By Gavin Evans June 19 (BusinessDesk) - Kiwifruit marketer Zespri is forecasting annual profit growth of up to 7 percent. The firm, which markets kiwifruit on behalf of...
Markets
Dairy product prices slump for third consecutive time
By Margreet Dietz June 19 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, retreating for a third straight time, led by whole milk powder. The GDT price index dropped 3.8 percent from the previous auction two weeks ago. The average price was...
Shorn Fonterra likely to keep ingredients business - Jarden
By Rebecca Howard June 18 (BusinessDesk) - Fonterra Cooperative Group needs to present a coherent investment case for the surviving business challenged by volatile earnings and limited New Zealand milk supply growth, according to Jarden analysts. Last month, Fonterra added...
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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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