Displaying items by tag: SOPI

New Zealand's primary sector is set to reach a record $62 billion in food and fibre exports next year.

Export revenue for the primary sector is forecast to bounce back in the coming year – but still not back the high levels of 2022/23.

While dairy remains the biggest export earner for the NZ primary sector, it is facing some challenges in the coming two years.

It's a real challenge for the country's red meat sector.

It's now official, in the coming year the value of NZ's dairy, meat and forestry exports will be down significantly - with horticulture holding its own.

The medium term prospects for the meat and wool sector are gloomy based on the numbers in the latest MPI Situation and Outlook for Primary Industries (SOPI) report.

Some good news - albeit temporary for primary exports.

New Zealand’s food and fibre export revenue is projected to grow to a record level of $55 billion this year.

New Zealand’s food and fibre exports for the year ending June 2022 leapt to $53.3 billion.

Labour and logistical issues are singled out in the Situation and Outlook for Primary Industries (SOPI) report as likely to lead to static or reduced plantings of some crops.