Primary Sector
Explore the latest primary industry news by BusinessDesk.
Retail
Meat prices boost July food prices
By Rebecca Howard Aug. 13 (BusinessDesk) - Rising chicken, lamb and beef prices helped push New Zealand’s food prices higher in July. Food prices rose 1.1 percent from June and were 0.9 percent higher than in July last year, Stats NZ said. Meat and poultry prices lifted...
Wrightson earnings slide as gloomy farmers cut spending
By Paul McBeth Aug. 13 (BusinessDesk) - A skinnier PGG Wrightson reported a 29 percent slide in annual earnings from its remaining businesses as the Mycoplasma bovis outbreak curbed spending by farmers. Operating earnings before interest, tax, depreciation and amortisation...
UPDATE: Fonterra scraps dividend on expected FY loss, won't meet debt target
(Recasts lead to include debt target and updates to add detail, comment from Fonterra and analyst) By Rebecca Howard Aug. 12 (BusinessDesk) - Fonterra Cooperative Group expects to report a full-year loss of up to $675 million and won't pay a dividend as it slashes the carry...
Economy
Farmers even gloomier about economy on heightened trade fears
By Paul McBeth Aug. 12 (BusinessDesk) - New Zealand's farmers got even gloomier about the state of the economy as the lingering US-China trade stoush and looming Brexit deadline threaten to undermine global trade. A net 51.6 percent of 1,432 surveyed farmers - more than ha...
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Riley Kennedy
Journalist
Riley won the Dairy NZ Industry Award at the NZ Guild of Agricultural Journalists and Communicators Awards in 2024. He was the New Zealand Shareholders Association emerging journalist of the year in 2022. His 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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