New Zealand food prices fell in February on a seasonal dip for fruit and vegetables, while more expensive dairy products underpinned an annual gain in prices. The food price index slipped 1 percent in February following a 1.2 percent rise in January, according to Statistics New Zealand. In the year, food prices were up 0.2 percent, the smallest annual gain …

Pacific Edge, the bladder cancer test developer whose shares have soared in the past year, will join the NZX 50 Index this month, replacing retailer Hallenstein Glasson Holdings, whose stock has tumbled in the same period. Hallenstein’s share price has declined 44 percent in the past 12 months while Pacific Edge has surged 118 percent, outpacing the benchmark index’s 17 …

The Ministry for Primary Industries has filed four charges in the Wellington District Court against Fonterra Cooperative Group for breaches of the Animal Products Act during last year’s whey protein concentrate incident. The charges are that Fonterra failed to process dairy products in accordance with its risk management programme and didn’t notify authorities about the lapse, exported dairy products that …