Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Fonterra tweaks forecast payouts on stronger kiwi, Chinese demand
Fonterra Cooperative Group has trimmed its forecast payout for the season that’s just finished due to the rapid gains in the kiwi dollar and, at the same time, has lifted the outlook for the current year on resurgent Chinese demand. The world’s biggest dairy exporter cut 10 ce...
Primary Sector
Mataura Valley an easier target for A2 after breaching covenants
Milk formula exporter Mataura Valley Milk has breached its banking covenants and said it will require a financial lifeline by December to keep its head above water - making it a likely investment target to help A2 Milk scale up its manufacturing capacity. The Southland process...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also includes $5.3 million in provincial growth fund money for two Southland food prod...
Primary Sector
Govt wool strategy starts with baby steps
If anyone needed reminding of the infancy of the strong wool sector and its strategy, it was in the government’s announcement that it will kickstart the industry by investing in the production of strong wool nappies. In rolling out its long-awaited vision and action for New Ze...
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Riley Kennedy
Senior Journalist
Riley Kennedy joined BusinessDesk in 2022 and covers New Zealand’s primary sector, with a focus on the country’s agribusinesses and the broader food and fibre economy. He won the DairyNZ Industry Award at the NZ Guild of Agricultural Journalists and Communicators Awards in 2024, and was named Emerging Journalist of the Year by the New Zealand Shareholders Association in 2022. Riley previously worked as a business specialist at the Otago Daily Times and holds a diploma in journalism from Wintec.
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