fbpx
Print this page
Thursday, 13 June 2019 11:01

Primary sector exports continue to soar

Written by 

New Zealand’s primary sector exports continue to surpass expectations, with revenue forecast to grow 7.1% on the previous financial year.

The Ministry for Primary Industries’ Situation and Outlook report for June 2019 forecasts primary industry revenue to reach $45.7 billion for the year to June 2019, slightly above the March 2019 forecast.

The report was released today by the Agriculture Minister Damien O’Conno at the National Fieldays, Hamilton.

O’Connor says this is the second straight year of substantial export growth, with significant gains across most primary industry products.

 “Export performance is up nearly $7.5 billion over the last two years. That’s incredibly impressive considering the weakening global economic environment and a rising sense of uncertainty in global markets,” he says.

 Sustained demand from China and South East Asia is supporting prices for dairy exports. Horticulture and pasture-based production excelled in most areas, with red meat weights and milk production both high, and kiwifruit production up 25% on the 2018 harvest.

Growers are anticipating good demand for New Zealand apples from UK and continental Europe, as well as China, following the market success of new varieties, says O’Connor.

 He says that over the next year, a focus on higher value products, combined with ongoing favourable exchange rates, is expected to support export revenue growth.

 “I’m really pleased to see New Zealand’s primary sectors succeeding through investment in innovation and focusing on a move away from volume to value.

 “I know that, while the big picture is very bright, for many producers it has been a tough year. We’ve had regions affected by drought, fires, biosecurity responses like M.bovis and fruit flies and also untimely cool temperatures affecting some fruit yields,” he says.

 “I think it’s fair to say that the only constants for the primary sectors are change and challenges. Our producers should be really proud of their resilience and ongoing high performance. I’m certainly very proud of them.

“I’m confident that by continuing to focus on high value, sustainably produced food and fibre, we’ll have strong years ahead”.

This is the second straight year of substantial export growth, with significant gains across most primary industry products:

 The next report is due to be released in September.

More like this

M. bovis – we’re making headway

Ministry for Primary Industries chief science adviser, Dr John Roche on the indications New Zealand is winning the fight against Mycoplasma bovis.

M. bovis – we’re making headway

Ministry for Primary Industries chief science adviser, Dr John Roche on the indications New Zealand is winning the fight against Mycoplasma bovis.

Farmers queue up for drought advice

The Ministry for Primary Industries says, in the space of a week, it’s had over 120 applications for assistance from the special drought recovery fund.

Italian innovation helps Zespri

Italian kiwifruit packhouses' experience in dealing with COVID-19 has helped New Zealand to fast-track innovation in its own packhouses to deal with stringent new safety regulations.

Featured

Times will get better for deer sector

While the deer industry faces several challenges in the short term, there will be a strong rebound in New Zealand venison sales once global demand recovers.

 

Animal health problems loom

Animal health and welfare issues are likely to emerge soon as Hawkes Bay farmers try to cope with the effects of what is believed to be the worst drought in the history of the region.

Saving stock worth it for farmer

Central Hawkes Bay sheep and beef farmer Craig Preston has spent a huge sum of money buying feed for his stock rather than sending them off to the works – but says it’s worth the money.