Displaying items by tag: SOPI

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.

The latest Situation and Outlook for Primary Industries (SOPI) report shows New Zealand’s food and fibre sector export revenue is expected to reach a record $52.2 billion in the year to 30 June 2022.

Meka Whaitiri says Māori agribusiness is yet to realise its full potential.

Pretty impressive - that's how Agriculture Minister Damien O'Connor describes MPI's latest prediction that horticulture exports will hit the record $7 billion mark in 2023.

The ambitious goals of each of the primary sectors have come together in the past year to produce an outstanding result.

New Zealand's primary sector will crack the $50 billion mark in export earnings this year with the horticulture sector playing its part, according to MPI projections.

Despite the disruption of the Covid-19 pandemic, revenue from New Zealand's primary exports in the past season only dropped by 1% and is predicted to quickly pick up and reach a record high of $49.6 billion in the next 12 months.

After five years of growth, New Zealand's primary exports are heading for a drop in 2021 - but with a bounce back predicted in 2022.

Primary sector export returns will take a $1.3 billion hit from COVID-19, but there is some good news.

Latest forecasts suggest New Zealand’s arable farmers have to date been less affected than other primary industry sectors by COVID-19 and the drought.