Former newspaper editor Tim Pankhurst will take up the role of chief executive of Seafood New Zealand from April. The former editor of The Press, Waikato Times, The Evening Post and The Dominion Post has often written about his love of fishing and he will now lead the organisation promoting seafood and lobbying on the industry’s behalf. “Tim brings significant …

DAIRY PRICE OUTLOOK: GlobalDairyTrade prices registered their third increase in a row overnight signalling further possible upside to Fonterra’s 2012-13 milk price of $5.50 per MS. The details were good with whole milk powder (WMP) prices playing some catch-up to skim milk powder, which have been leading most other dairy markets higher. Overall, WMP powder prices increased by 2.8 percent, with …

The steam came out of the NZX 50 Index, although investors continued to favour Fonterra tradable units and Trade Me, owing to index changes taking place next Monday. The NZX50 Index fell 1.72 points, or 0.4 percent, to 4169.23, on volume of 32.65 million shares, valued at $101.8 million. Within the index, 20 shares rose, and 19 fell, leaving 11 …