Primary Sector
Explore the latest primary industry news by BusinessDesk.
Fonterra still exposed to Beingmate in Bubs supply deal
By Rebecca Howard May 7 (BusinessDesk) - Fonterra Cooperative Group will still be exposed to its former Chinese partner Beingmate Baby & Child Food Co, albeit one step removed, in a new supply deal with Bubs Australia. Fonterra Australia will supply Bubs with organic milk...
Policy
Govt blocks land sale for Waihi tailings expansion
By Gavin Evans May 3 (BusinessDesk) - Miner OceanaGold has had its bid to buy land for a new tailings dam near its Waihi mine turned down by the government. The ASX-listed firm, New Zealand’s biggest gold miner, is mostly owned by US and UK investors and needed Overseas Inv...
Finance
UPDATE: ANZ warns farmers RBNZ intervention may mean higher borrowing costs
(Updates with comment from Mark Hiddleston from 12th par) By Jenny Ruth May 3 (BusinessDesk) - ANZ Bank has warned its farming customers they face higher borrowing costs almost immediately due to Reserve Bank intervention, even though wholesale interest rates have been fall...
Economy
Alliance expects African swine fever to support meat prices
By Rebecca Howard May 2 (BusinessDesk) - Red meat cooperative Alliance Group said meat prices are strong as the African swine fever outbreak decimates Chinese pork production. Chief executive David Surveyor says meat prices are "generally quite solid at the moment" due to t...
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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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