Tuesday, 28 July 2020 11:25

Country’s backbone performs

Written by  Staff Reporters
The livestock, forestry and horticulture sector are performing well. The livestock, forestry and horticulture sector are performing well.

New Zealand's primary sector has added steel to the country’s economy in the wake of the Covid-19 pandemic, according to a recently released report.

Economic and research firm NZIER latest Insight report – released last week – says the livestock, forestry and horticulture sector have performed well over the lockdown period and as the Covid-19 crisis has continued overseas.

“Our land-based industries have proven themselves to be exceptionally resilient, particularly when it comes to trade” says Chris Nixon, NZIER principal economist and lead author of the report.

The report found that a mixture of strong demand from Asia (particularly China), flexible supply chains that suit commodity products, and strong institutions that govern food processing have all contributed to New Zealand’s strong trading results throughout the Covid-19 pandemic so far. 

Dairy, meat and horticulture are up by nearly $1 billion year-to-date relative to this time in 2019.

“Not only has demand for New Zealand products remained solid, the outlook for all land-based industries looks strong,” Nixon adds. “Supporting this growth are the flexibility of our supply chains and the institutions that govern the rules around food processing.” 

However, he warns that as the Covid-19 pandemic continues New Zealand must remain vigilant to how it impacts trade globally.

“A reduction in consumption of retail goods in the US could have an impact on Asian demand and incomes. This may mean that other countries have less to spend on New Zealand products and services.”

NZIER point out that New Zealand’s exposure to North American markets is limited because their commodity markets are fiercely protected. 

More like this

Open MIQ spaces for farm workers

Farmers want the Government to open available space in managed isolation and quarantine (MIQ) to bring in much-needed workers for the primary industries.

National

Machinery & Products

SIAFD wins punters' plaudits

After celebrating its 70th year last month, it looks like the South Island Agricultural Field Days (SIAFD) has hit its…

Opens up blindspots

Traditionally blind spots caused by large buckets or front mounted loads on wheeled loaders have been a major safety concern.

She's one big feeder

Feeder specialists Hustler has released a maxi-sized multi-feeder aimed at large scale farms in New Zealand and further afield.

Roots out problems

Austrian manufacturer Pöttinger has introduced the new Durastar narrow share for its Synkro and Synkro-T, mounted stubble cultivators.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Blue murder

OPINION: Your old mate recently read an off-the-wall suggestion, by some boffin, that deliberately staining meat blue will lead to…

Foot in mouth - again!

OPINION: This old mutt reckons Agriculture Minister Damien O'Connor too often suffers from 'foot in mouth' disease.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter