Primary Sector
Explore the latest primary industry news by BusinessDesk.
Sanford earnings hit by vessel impact from crew death
By Gavin Evans May 23 (BusinessDesk) - Fishing company Sanford reported an 8 percent decline in first-half operating earnings after the death of a crew member kept one of its deep water vessels in port for three months. The company today reported adjusted earnings before in...
Markets
Yili deal a timely cash injection for Westland farmers - ANZ
By Rebecca Howard May 22 (BusinessDesk) - Westland Milk Products farmers will bank - on average - $572,000 from the sale of their shares to Inner Mongolia Yili Industrial Group if the deal goes ahead, says ANZ Bank New Zealand. Westland signed a conditional agreement to sel...
Markets
Dairy product prices fall, halting longest gaining streak
By Margreet Dietz May 22 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, ending a record string of 11 consecutive gains, as whole milk powder declined for the fourth straight time. The GDT price index fell 1.2 percent from the previous auction...
Retail
Terra Vitae says poor harvest to hit sales, earnings
By Gavin Evans May 20 (BusinessDesk) - Grape grower Terra Vitae has warned earnings will be reduced by a poor harvest. The company, which has vineyards in Marlborough and Hawke’s Bay, says that subject to final pricing, including extra payments for reserve grade wines, it w...
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Riley Kennedy
Journalist
Riley 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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