Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Bad dairy loans aren't getting worse, just reclassified: Orr
Non-performing dairy loans have risen sharply even with dairy prices at elevated levels because banks have reclassified them, not because the financial position of individual farmers has actually worsened, according to Reserve Bank governor Adrian Orr."Commodity prices need to re...
Primary Sector
Receivers called in after sale of pine processor Claymark falls through
Receivers have been appointed to Claymark Group after a deal to buy the country’s biggest manufacturer and exporter of premium pine products fell through.New Zealand Future Forest Partnership had agreed to buy Claymark’s local and US operations, taking on more than 500 staff acro...
Primary Sector
Dairy index falls on weaker butter, milk fat demand
Product prices were mixed at the Global Dairy Trade auction amid lower appetite for milk fats.The GDT price index fell 0.5 percent from the previous auction two weeks ago, its first decline since early September. The average price was US$3,467 a tonne, compared with US$3,481 a to...
Primary Sector
What Chinese SMEs want from New Zealand
A visiting Chinese academic says primary industries should be key to Kiwi firms who want to export to the world’s second-largest economy, and they should be doing it online. Zhejiang University of Technology’s Renyong Chi emphasised the importance of the internet economy at the C...
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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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