Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Fonterra realises $64m gain on sale of foodspring stake
By Rebecca Howard June 28 (BusinessDesk) - Fonterra Cooperative Group has sold its stake in Germany-based Goodminton AG, the parent of active nutrition start-up foodspring, and will realise a $64 million gain on the sale. Fonterra teamed up with foodspring in March last yea...
Primary Sector
Fonterra says full-season milk collection up 1.2%
By Gavin Evans June 26 (BusinessDesk) - Fonterra says its New Zealand milk collection for the year through May rose 1.2 percent despite a weak end to the season. New Zealand’s biggest milk processor collected 1,522.7 million kilograms of milk solids in the year, and noted t...
Primary Sector
Milk testing firm GEA Milfos to pay $925k for fixing prices
By Paul McBeth June 25 (BusinessDesk) - Milk testing technology firm GEA Milfos International will pay $925,000 in penalties and costs after admitting that it fixed prices on milk sensors with rival Dairy Automation. In the High Court in Auckland last Thursday, Justice Edw...
Primary Sector
Dairy sales push May exports to record high
By Rebecca Howard June 25 (BusinessDesk) - Dairy exports - to China in particular - helped propel May exports to a record high and meant the monthly trade surplus was slightly wider than expected. Exports rose 8.5 percent to $5.8 billion on the year in May while imports ro...
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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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