Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Fonterra maintains earnings guidance despite coronavirus
Fonterra Cooperative Group has maintained its earnings guidance for the 2020 season, despite lower milk collection constraining supply due to dry conditions. The dairy producer reaffirmed December’s forecast farmgate milk price range at $7-to-7.60 per kilogram of milk solids and...
Primary Sector
Wrightson wary of dramatic market change
PGG Wrightson chief executive Stephen Guerin said he's cautious about the recent curveballs thrown at the rural sector, but optimistic about the long-term outlook.The company yesterday reported a net profit of $12.8 million in the six months ended Dec. 31, down from the $131.8 mi...
Primary Sector
Delegat shares jump as investors see upside to record sales
Delegat Group shares jumped as investors predict the winemaker played down its outlook after reporting a record first-half result. The New Zealand winemaker reported an operating profit of $34.4 million in the six months ended Dec. 31, up from $31.4 million a year earlier, as...
Primary Sector
LIC to pay $109m for agri-tech company stake
Livestock Improvement Corporation says buying into Israeli dairy farm management firm Afimilk Agricultural Cooperative will give it access to industry-leading milk meters and cow wearable technology, while also strengthening herd improvement services through access to internation...
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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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