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OPINION: Your old mate wonders why there has not been a whole lot of gnashing of teeth and wailing from the xenophobes – more commonly known as failing political party NZ First – about a Canadian pension fund buying a major stake in New Zealand’s biggest corporate dairy farmer, Dairy Holdings.
According to company records, Sooke Investments, a subsidiary of giant Quebec public service pension fund manager PSP Investments, bought 24.9% of South Island-based company, following the exit of an investor – owned by JD & RD Wallace Ltd and former National Government Minster John Luxton.
Dairy Holdings other major shareholders remain two NZ farming families – Colin and Dale Armer and Murray and Margaret Turley. The Ashburton-based company is Fonterra’s biggest shareholder.
Horticulture New Zealand (HortNZ) says a new report projects strong export growth for New Zealand's horticulture sector highlights the industry's increasing contribution to the national economy.
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
T&G Global says its 2025 New Zealand apple season has delivered higher returns for growers, reflecting strong global consumer demand and pricing across its Envy and Jazz apple brands.
New Zealand's primary sector is set to reach a record $62 billion in food and fibre exports next year.
A new levying body, currently with the working title of NZWool, has been proposed to secure the future of New Zealand's strong wool sector.
The most talked about, economically transformational pieces of legislation in a generation have finally begun their journey into the statute books.
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