Its all about ag exports
OPINION: The Public Service in New Zealand between 2017 and 2023 grew rapidly from 48,000 to over 64,000, and this does not include the use of consultants.
The Ministry of Agriculture and Forestry has this week released forestry production and trade figures for the December 2011 quarter.
The total value of New Zealand forestry exports for the quarter to 31 December 2011 was down $56.1 million on the previous December quarter, at NZ$1.1 billion.
But overall earnings were up for the 2011 calendar year (to 31 December), because China drove strong demand during the middle part of the year. The value of forestry exports increased by NZ$257.5 million to NZ$4.5 billion for the year.
Forestry still accounted for around 10% of New Zealand's total merchandise exports, at 9.8% for the 2011 calendar year (ending 31 December), compared with 10.2% the previous year.
Conditions were still challenging for the sawn timber industry, with total export earnings and volumes decreasing to NZ$751.0 million and 1.9 million cubic metres. MAF reports this is due to continuing weak housing sectors in the high-value United States and Australian markets, exacerbated by high exchange rates for key trading currencies.
For more information, go to the full reports in the Publications section of the MAF website.
