22 articles
Zespri has filed a US lawsuit seeking refund of multi-million-dollar tariffs it paid as importer of record after the Supreme Court struck down President Trump’s IEEPA duties.
New Zealand Petroleum and Minerals has granted Matahio NZ Onshore Limited a 10-year petroleum mining permit over the onshore Taranaki Puka field, the second such grant in eight years as national 2P gas reserves sit at a record low.
Global whey powder prices rose 76% year-on-year in June, Rabobank data show, as New Zealand processors expand high-value protein capacity on the back of proteinmaxxing demand and GLP-1 weight-loss drugs.
New Zealand’s unemployment rate rose to 5.6 percent in the June 2026 quarter, an 11-year high, even as employment and participation lifted and hours softened—Treasury’s definition of spare capacity—while a retreating oil shock after a 4.1 percent CPI spike leaves the 2 September OCR decision as the fulcrum between headline risk and slack-driven wage containment.
Around 97 per cent of New Zealand's mineral royalty revenue in 2025 came from permits operating under legacy royalty regimes that pre-date the current framework introduced in 2013.
The Commerce Commission will decide by 26 August 2026 whether to clear J&P Turner Limited's proposed acquisition of T&G Fresh. The deal would reduce the number of major national fresh produce wholesalers from three to two.
The New Zealand Government will maintain current Emissions Trading Scheme unit settings and extend price controls until 2031, providing longer-term certainty after recent market volatility.
A memorandum of understanding between the United States and Iran has cut Brent crude prices from near US$93 a barrel to US$83-87, creating scope for New Zealand 91 petrol to fall toward $2.80 a litre if tanker traffic through the Strait of Hormuz resumes and insurance markets normalise. The relief remains conditional on sustained de-escalation and carries direct implications for the Reserve…
New Zealand forestry exports totalled $6.28 billion in the year ended December 2025, forming the starting point for a government target to double primary sector export value within a decade at a required 7.2 percent compound annual growth rate.
The government is investing $59 million across six projects under the Primary Sector Growth Fund, leveraging $84 million in private contributions for a total $143 million package announced at Fieldays.
The Government has finished recommissioning 93 million litres of additional diesel storage capacity at Marsden Point in Northland, using up to $21.6 million from the Regional Infrastructure Fund to create a nine-day national diesel buffer.
The first of two government-procured diesel shipments, loaded on 31 May 2026, is en route to Marsden Point and due to arrive 16-18 June, adding roughly nine days of dedicated buffer under direct Crown control.
New Zealand's integrated fibre industry reached more than $926 million at the farm gate in the first comprehensive assessment of wool, harakeke, hemp, hides, mohair and biomaterials.
The Meat Industry Association has appointed Nick Beeby as chief executive effective 1 July 2026. Beeby succeeds Sirma Karapeeva and takes the role at a time when New Zealand red meat and fifth-quarter exports reached a record $11.7 billion in calendar 2025.
New Zealand's Crown Minerals Act contains no provisions for naturally occurring hydrogen, leaving explorers without clear title at the exact moment domestic gas output has collapsed to levels that force expensive LNG imports from 2027.
The Coalition Government will allocate $48 million in Budget 2026 for a Gas Transition Loan Guarantee Scheme under which the Crown guarantees 80 percent of qualifying loans to encourage businesses to switch from natural gas to electricity or bioenergy.
Agriculture Minister Todd McClay announced on 19 May 2026 that the Ministry for Primary Industries has published the terms of reference for the statutory review of the Dairy Industry Restructuring Act 2001.
Bank of New Zealand appointed receivers on 11 May 2026 to 92,902 shares in Dairy Goat Co-operative held by King Country Partnership (2013) Limited Partnership, together with all associated milk supply rights.
New Zealand’s fuel stocks stood at 56.2 days of petrol, 46.3 days of diesel and 47.7 days of jet fuel as at 11:59pm on 13 May 2026, according to the Ministry of Business, Innovation and Employment.
New Zealand food prices stayed flat in April 2026, rising just 2.6 per cent over the year — the softest annual pace since February 2025 — according to Stats NZ data that highlights how government-mandated shifts continue to drive up household costs.
Resources Minister Shane Jones is urging mining executives to submit fast-track consent applications before the November 2026 general election to lock in approvals under the current regime.
Diesel prices in New Zealand rose 94.9 percent in the two months to April 2026, the largest sustained spike in at least 15 years, Stats NZ data show.
