New Zealand Food And Fibre Exports On Track For A Record $52.2 Billion & More News Here

Export income from New Zealand’s meals and fibre sector
is predicted to achieve a report $52.2 billion within the yr to
30 June 2022, Primary Industries Ministers Damien
O’Connor, David Parker and Stuart Nash introduced
in the present day.

“The newest Situation and Outlook for Primary
Industries (SOPI) stories that this would be the first time
we’ve hit greater than $50 billion in meals and fibre exports,
and a rise of virtually 10 per cent ($4.6 billion) on the
earlier yr,” Agriculture Minister Damien O’Connor
mentioned.

“This is an amazing consequence for the sector as
farmers, growers and others within the provide chains who play
such a crucial position in our financial system. They have continued to
ship high quality merchandise for Kiwis and abroad shoppers
whereas navigating world disruption and
uncertainty.

“Our markets overseas are demanding
high-quality merchandise which are made with care, and this
report signifies our exporters are responding to those
market indicators. To that finish, the Government is investing to
assist farmers and growers to ship meals and fibre with
low emissions and excessive sustainability, which is able to present us
financial safety.”

Damien O’Connor mentioned the SOPI,
launched by the Ministry of Primary Industries (MPI),
forecast important development throughout nearly all of our meals
and fibre exports.

“Dairy export income is on monitor
to achieve a report excessive of $21.6 billion within the yr to 30
June 2022, which is a 13 per cent improve on the earlier
yr,” Damien O’Connor mentioned.

“Meat and wool
export income can also be anticipated to see a wholesome improve to
$12.2 billion – an 18 per cent rise on
2021.

“Horticulture sector income continues to develop
and is about to hit $6.7 billion in exports with our kiwifruit
and wine performing nicely,” Damien O’Connor
mentioned.

Oceans and Fisheries Minister David Parker mentioned
seafood exports continued to get well from disruptions to
meals service internationally.

“Our seafood exports
are anticipated to hit $1.9 billion within the yr to 30 June
2022, a rise of 9 per cent on the earlier yr,”
David Parker mentioned.

“We’re seeing good progress in
the export restoration of our seafood sector, and export
income is predicted to be near pre-COVID-19
ranges.

“This most up-to-date forecast ought to give the
seafood sector motive to be optimistic because it continues to
present prime quality merchandise into worldwide markets
the place there’s tight provide.”

Forestry Minister
Stuart Nash mentioned decrease export volumes triggered by world
freight congestion affected export income for New Zealand
logs and forest merchandise within the yr to 30 June
2022.

“Exports of our logs and forest merchandise is
anticipated to dip barely on the earlier yr, reaching $6.2
billion by 30 June 2022, a small drop of 4 per cent.
However, we anticipate demand to choose up from subsequent yr as
infrastructure initiatives resume and freight points ease,”
Stuart Nash mentioned.

“I need to acknowledge the
forestry sector’s dedication and onerous work in retaining
their operations operating over the course of a troublesome
yr. The sector has impressively addressed the challenges
which have arisen due COVID-19, however forecasts present brighter
days are forward.”

Associate Minister of Agriculture
Meka Whaitiri mentioned the most recent SOPI indicated the
Government’s sector roadmap Fit for a Better World was
enjoying a key position in boosting productiveness, sustainability
and significant and rewarding jobs.

“We are seeing
Māori agribusiness enjoying an important position in Aotearoa’s
meals and fibre sector, contributing to the social and
financial improvement of Aotearoa, and likewise as important
contributors to New Zealand’s export success,” Meka
Whaitiri mentioned.

Damien O’Connor mentioned trying additional
forward there was good trigger for optimism.

“The SOPI
forecasts export income will proceed to develop to $56.8
billion within the yr to 30 June 2026,” Damien O’Connor
mentioned.

“Supporting that is the superb momentum of
the Government’s commerce agenda, which has seen us signal our
historic free commerce settlement (FTA) with the UK, improve our
China FTA and progress negotiations on an EU
FTA.

“We ought to be optimistic for ongoing success,
whereas acknowledging the challenges of the final six months,
akin to provide chain disruption and rising prices of inputs
throughout all sectors of manufacturing, pushed largely by
excessive worldwide oil and fertiliser costs.

“The
foundation for my optimism is our major sector’s sturdy
historical past of innovating and adapting to altering markets.
It’s what has made us world-leaders and can hold us as
world-leaders,” Damien O’Connor mentioned.

Read the
newest Situation and Outlook for Primary Industries right here.

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