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Exports slated to reach $57b with dairy, horticulture leading the pack

Author
Newstalk ZB,
Publish Date
Thu, 12 Dec 2024, 8:42am
(NZH)
(NZH)

Exports slated to reach $57b with dairy, horticulture leading the pack

Author
Newstalk ZB,
Publish Date
Thu, 12 Dec 2024, 8:42am

There's optimism from the Agriculture and Forestry Minister on the future of food and fibre exports. 

The Ministry for Primary Industries projects exports will reach just under $57 billion by June, and over $58 billion the following year. 

Horticulture exports are expected to rise 12%, with dairy forecast to grow by 10%. 

Minister Todd McClay told Heather du Plessis-Allan he sees a positive future with China. 

He says its market will be a key reason why dairy exports are forecast to increase. 

Meat and wool revenues are also expected to rise slightly to $11.4 billion as demand strengthens. 

McClay told du Plessis-Allan that wool's commodity price is starting to increase and there's new users. 

He says the Indian Parliament only has New Zealand wool in its buildings, which shows there's a good role for wool but there's a lot of work to do. 

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