Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
MARKET OPEN: Fonterra announcement may temper lift in global sentiment
A lift on Wall Street may spur domestic investor appetite, although an announcement from Fonterra Dairy Cooperative on its forecast payment for the 2020-21 season could set the tone. The Dow Jones Industrial Average was up 1.5 percent at 8:20am in Wellington, while the S&P500...
Primary Sector
Seeka to sell three Australian orchards
Kiwifruit grower and marketer Seeka has conditionally sold three of its Australian orchards in a lease-back agreement in order to reduce debt. The orchards, which comprise 200 hectares, sold for A$26.5 million and will be leased back to Seeka for up to 30 years, with two terms of...
Primary Sector
Government to give away 672 tonnes of pork
The government’s great pork intervention will see taxpayers buy up to 112 tonnes of New Zealand pork a week from wholesalers and send it to food banks over the next six weeks. As part of a Budget allocation of $14.9 million aimed at redirecting food from the primary sector tha...
Primary Sector
OceanaGold posts first-quarter loss but sees shiny future
A first-quarter loss has not tarnished OceanaGold's commitment to its New Zealand goldfields, on the back of the highest New Zealand currency-denominated gold prices on record.
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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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