increase font size
NZ's primary industry export revenue is forecast to reach $43.8 billion for the year to June 2019.
New Zealand’s primary industry export revenue is forecast to reach $43.8 billion for the year to June 2019, an increase of 2.5% from 2018.
The Ministry for Primary Industries (MPI) Situation and Outlook report for September 2018, released today, gives an encouraging assessment of the major primary sectors which continue to grow, says Emma Taylor, director of agriculture, marine & plant policy.
“It’s a promising outlook and builds on the strong growth seen in 2018, when export revenue increased 11.8%. In 2018, dairy prices recovered from the lows of 2015 and 2016, high red meat prices boosted meat and wool revenue, and strong demand for logs in China led to record export prices and volume.
“Horticulture and dairy are the driving forces behind the increase forecast for 2019. Horticulture exports are forecast to rise 13.1% to $6.1 billion for the year ending June 2019. Improved growing conditions for the most recent harvest has led to higher yields for kiwifruit, and most other horticultural products.
“Dairy exports are forecast to rise 2.1% to $17.0 billion for the year ending June 2019, consolidating gains made in the last two years. With farm production growth likely to be relatively flat in coming years, revenue growth is expected to be driven by moves towards higher value products such as cheese and infant formula.
“Forestry exports are expected to remain stable at $6.4 billion for 2019. Log prices are expected to remain near record levels as Chinese construction activity is forecast to remain strong.
“After an impressive gain in meat and wool exports in 2018, exports are forecast to decrease by 1.3% to $9.4 billion in 2019. Despite forecast increases in farm gate prices for lamb and venison, decreasing production volumes are forecast to lead to lower export revenue overall.
“Overall, the latest outlook for our primary industries gives plenty of positives as we work to sustainably reposition primary industries up the value chain and deepen sector partnerships.”
For more information see: www.mpi.govt.nz/EIU
A Palmerston North shearer has been sentenced to six months' community detention and 12 months' supervision after being found to have physically abused three lambs while shearing them.
OPINION: A simpler, clearer, more effective Recognised Seasonal Employer (RSE) scheme.
The country's second largest milk processor is warning against 'complacency' during a review of competition regulations in the dairy sector.
New Zealand apple and pear industry stakeholders are out in force for the annual conference in Queenstown.
Blueberry growers are warning that fresh imports could pose a huge biosecurity risk for NZ’s horticulture sector.
Celebrating 50 years in the rural landscape of Central Canterbury and beyond, Ashburton-based Carrfields, has been the exemplar for all aspects of modern agriculture via its extensive range of services including supply, growing, agronomic advice and marketing.
For Taupiri dairy farmers Logan and Sian Dawson, their involvement in the NZ Dairy Industry Awards has been a key catalyst in the growth of their business - the experience helping shape how they approach the farm ownership pathway they are pursuing today.
West Otago dairy farmer Luke Kane has been awarded the 2026 Rabobank Dr John Morris Business Development Prize.
OPINION: As the general election approaches, political parties are churning out policies in the hope of attracting more votes.
An LIC bull, Tronnoco AR Sadio-ET S3F, bred by Tony and Keri O'Connor of Tronnoco Farming Co Ltd near Timaru, has won the 2026 Mahoe Trophy.
With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging farmers and growers to think ahead about nutrient planning and be prepared to work around challenging weather conditions.
OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…
OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…
