Food and fibre exports expected to continue to drive recovery
Export revenue from the primary production sector is poised to pass $60 billion for the first time, even as the United States' tariff threats cast a pall over world trade.
The latest Situation and Outlook for Primary Industries (SOPI) report is largely optimistic, despite uncertainty about the
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NZ Herald
2 days ago
- NZ Herald
NZ horticulture exports forecast to increase 19%, driven by kiwifruit boom
A new report forecasting strong export growth for New Zealand's horticulture sector reinforces the industry's growing importance to the national economy, Horticulture New Zealand says. The Ministry for Primary Industries' latest Situation and Outlook for Primary Industries (Sopi) report projects horticulture export revenue to increase by 19% in the
NZ Herald
2 days ago
- NZ Herald
Listen to The Country online: MPI's latest primary industries report at Fieldays
Miles Hurrell: Fonterra's chief executive commented on the dairy numbers in MPI's Situation and Outlook for Primary Industries report. Plus, will Trump's tariffs affect dairy? Also, the elephant in the room - dairy conversions. Chris Hipkins: Labour's leader says he's had a positive reception at Fieldays. He discusses his party's as yet unannounced agriculture policy. Plus, would he take agriculture out of the Emissions Trading Scheme? Todd McClay: The Minister of Agriculture and Trade takes time out of his busy Fieldays schedule to sing the praises of the primary sector. He also says he's willing to work with Labour leader Chris Hipkins to do 'what's right for our farmers'. Todd Charteris: Rabobank's chief executive discussed the bank's Fieldays breakfast, where Finance Minister Nicola Willis spoke about her clear vision for the primary sector, including using wool carpets in Kāinga Ora in state homes. He also talks about a positive result in the Federated Farmers banking survey. Samuel Whitelock: An All Blacks legend talks about life after rugby. He also celebrates Farmstrong's 10th anniversary and how he's been an ambassador for the nationwide rural wellbeing programme for nine of those years. Kate Scott: Horticulture NZ's chief executive, on an impressive season for the sector, after a 'tough couple of years'. Mike Green and Hugh Jackson: We catch up with the man behind the Rural Support Trust's dinner, which raised over $300,000 last night. Plus, an FMG Young Farmer grand finalist who wants to plug tomorrow night's 'Party in the Tron'. Listen below:
Scoop
2 days ago
- Scoop
New Zealand Food And Fibre Exports On Track To Break New Records
Press Release – New Zealand Government The numbers speak for themselves, but the Government remains laser-focused on doubling the value of exports in 10 years, driving higher farm & forest gate returns, and backing the long-term capability, resilience, and health of rural New Zealand, … Minister of Agriculture Minister of Forestry Farmers, growers, foresters, fishers and primary processors are driving New Zealand's economic recovery with export revenue on track to surpass $60 billion for the first time, Agriculture and Forestry Minister Todd McClay announced today at Fieldays. 'The latest Situation and Outlook for Primary Industries (SOPI) report forecasts export earnings of $59.9 billion for the year ending 30 June 2025, $3 billion higher than projected in December. This momentum is expected to continue, with exports reaching $65.7 billion by 2029,' Mr McClay says. 'These figures reflect the hard work and resilience of the hard working men and women of provincial New Zealand. 'Strong global demand and healthy prices across key markets are positioning our high-quality, safe and sustainable food and fibre exports for record growth.' Growth highlights include: dairy export revenue lifting 16 per cent to reach a record $27 billion meat and wool export revenue increasing 8 per cent to $12.3 billion horticulture export revenue growing by an impressive 19 per cent reaching $8.5 billion forestry export revenue jumping 9 per cent to $6.3 billion Seafood export revenue lifting 2 per cent to $2.2 billion. 'The numbers speak for themselves, but the Government remains laser-focused on doubling the value of exports in 10 years, driving higher farm and forest gate returns, and backing the long-term capability, resilience, and health of rural New Zealand,' Mr McClay says. 'We're investing heavily to deliver tools and technology to farmers and growers to tackle agricultural emissions with more than $400 million in continuing funding over the next four years and making targeted reforms to support farmer and grower success. 'Through the Budget, we launched the new $246 million Primary Sector Growth Fund (PSGF) to boost on-farm productivity and resilience. 'Our trade work continues at pace to open doors for Kiwi exporters, and our new Investment Boost tax incentive will encourage businesses to invest, be more competitive, grow the economy, and lift wages. 'When rural New Zealand does well, the whole country benefits,' Mr McClay says. 'That's why we're making sure our Primary Sector have the tools and support they need to deliver long-term economic growth and regional prosperity for all New Zealanders.'
