Primary Sector
Explore the latest primary industry news by BusinessDesk.
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...
Scales signals earnings growth from reshaped business
By Gavin Evans May 20 (BusinessDesk) - Scales Corp says full-year operating earnings from its reshaped business may rise as much as 13 percent. The agri-business, which last year sold its cold stores and liquid storage operation to expand its petfood interests, expects unde...
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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