Strong outlook for primary sector exports

Press Release – Ministry For Primary Industries The Ministry for Primary Industries (MPI) expects meat and wool, horticulture and forestry export revenues will support New Zealand’s primary sector export growth to 2017, and help offset the recent year’s fall in the dairy sector.Strong outlook for primary sector exports 15 Dec 2015 The Ministry for Primary Industries (MPI) expects meat and wool, horticulture and forestry export revenues will support New Zealand’s primary sector export growth to 2017, and help offset the recent year’s fall in the dairy sector. The signs across the primary sector are encouraging with New Zealand’s primary sector export revenue expected to increase to $37.6 billion in the year ending June 2016, up $1.9 billion from the year ended June 2015, according to the Ministry for Primary Industries updated Situation and Outlook for Primary Industries (SOPI). The December update incorporates changes to export volumes and currency movements from MPI’s previous June 2015 SOPI publication. The meat and wool sector is expected to continue its strong growth, with a forecast revenue increase of $910 million to June 2016 (or 10% from June 2015 actual figures) due to strong demand for beef exports from the United States. New Zealand will meet its allowable beef export quota to the USA this season for the first time since 2004. Chinese demand for wool also remains strong. Milk production is expected to...

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