Tuesday, 14 June 2022 14:55

Food, fibre exports soaring

Written by  Staff Reporters
Agriculture Minister Damien O'Connor. Agriculture Minister Damien O'Connor.

Export revenue from New Zealand's food and fibre sector is expected to reach a record $52.2 billion in the year to June 30, 2022.

Dairy export revenue is on track to reach a record high of $21.6 billion, 13% higher than the previous year.

Agriculture Minister Damien O'Connor says the latest Situation and Outlook for Primary Industries (SOPI) report, released last week, shows that this will be the first time we've hit more than $50 billion in food and fibre exports, an increase of almost 10% on the previous year.

"This is a tremendous result for the sector as farmers, growers and others in the supply chains who play such a critical role in our economy.

"They have continued to deliver quality products for Kiwis and overseas consumers while navigating global disruption and uncertainty.

"Our markets abroad are demanding high-quality products that are made with care, and this report indicates our exporters are responding to these market signals.

"To that end, the Government is investing to support farmers and growers to deliver food and fibre with low emissions and high sustainablity, which will provide us economic security."

Damien O'Connor said the SOPI, released by the Ministry for Primary Industries (MPI), forecast significant growth across the majority of our food and fibre exports.

More like this

Featured

Editorial: No Small Challenge

OPINION: There could hardly be a more appropriate theme for a conference than the one chosen by the red meat sector - Navigating Volatility.

Alliance to Pay Up to $20m to Farmer-Shareholders

Alliance Group has confirmed that eligible farmer-shareholders who supply and continue to back the business will receive up to $20 million later this year, following the strategic investment partnership with Dawn Meats.

National

Machinery & Products

» Latest Print Issues Online

Milking It

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter