Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Coronavirus concern hits dairy prices
Dairy prices fell for the second straight time at the Global Dairy Trade auction amid concern about the spreading coronavirus. “The fall in dairy prices could trigger a round of downward revisions to analysts’ dairy payout forecasts, with the bottom of Fonterra’s current $7.00 to...
Primary Sector
LIC in talks to buy half-stake in Israeli farm management firm Afimilk
Livestock Improvement Corp said it’s in advanced talks to buy half of Israeli dairy farm management firm Afimilk Agricultural Cooperative.The New Zealand dairy herd genetics company confirmed the negotiations were underway after Israeli publication CTech reported LIC was close to...
Primary Sector
Zespri awarded $15m after suing grower
Kiwifruit marketer Zespri has been awarded almost $15 million in damages by the High Court at Auckland after the firm’s SunGold variety was unlawfully taken to China and distributed to other growers.The company said it started the civil action in 2018 against kiwifruit grower Hao...
Primary Sector
Skellerup profit falls 10%; trade war dents US demand
Skellerup Holdings reported a 10 percent decline in first-half profit as the US-China trade war dulled demand for its rubber industrial components.Net profit fell to $12.1 million in the six months ended Dec. 31, from $13.4 million a year earlier. Revenue edged up 2 percent to $1...
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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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articles by Riley