Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
NZ August trade deficit tad wider than expected on more imports
By Rebecca Howard Sept. 25 (BusinessDesk) - New Zealand’s August trade deficit was $1.6 billion, slightly wider than economists had expected, as imports came in higher than forecast. Economists polled by Bloomberg had expected a monthly deficit of $1.4 billion and an annual...
Primary Sector
Fonterra now has $1 billion available for debt reduction
By Rebecca Howard Sept. 25 (BusinessDesk) - Fonterra Cooperative Group said it has agreed to sell its 50 percent stake in DFE Pharma for $633 million and now has over $1 billion available to repay debt. Fonterra is in the midst of a cooperative-wide strategic review after r...
Primary Sector
Qantas CFO Race Strauss to join A2 Milk as CFO
By Rebecca Howard Sept. 23 (BusinessDesk) - Race Strauss will join the A2 Milk Company as chief financial officer in the second half of the current financial year. Strauss was CFO at Jetstar for five years and was most recently CFO for Qantas Airlines, a division of the Qan...
Primary Sector
Fonterra board starts planning chair succession
By Rebecca Howard Sept. 20 (BusinessDesk) - Fonterra Cooperative Group's board has started thinking about who should lead the country's dominant dairy processor through its new strategy, but that won't necessarily see John Monaghan leave. Independent director Simon Israel...
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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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