Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Synlait to commission Pokeno plant despite legal problems
By Rebecca Howard Sept. 12 (BusinessDesk) - Synlait Milk will commission its new Pokeno plant before the end of the month despite an ongoing legal battle. “We are technically in breach of the covenant now, even as we build on the land,” chief executive Leon Clement told Bus...
Primary Sector
T&G sells site to Goodman Property for $65m
By Paul McBeth Sept. 12 (BusinessDesk) - T&G Global has sold its Mt Wellington property to Goodman Property Trust for $65 million and will lease it for up to four years while it figures out what kind of office and logistics space it needs. The fresh produce exporter sold t...
Primary Sector
Synlait profit rises 10%; Pokeno legal exposure 'not substantial'
By Rebecca Howard Sept. 12 (BusinessDesk) - Synlait Milk lifted annual net profit 10 percent and said it remains sanguine about legal issues facing its soon-to-be commissioned Pokeno plant. Profit rose to $82.2 million in the year ended July 31 from $74.6 million a year ear...
Primary Sector
Dairy Farms NZ encouraged to pursue IPO
By Paul McBeth Sept. 11 (BusinessDesk) - Dairy Farms NZ is being encouraged to pursue an initial public offering as controls on land sales depress farm prices but also restrict the firm's ability to raise funds from foreign investors. The company, which counts US billionair...
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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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