Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Primary sector exports for 2012 show slight increase

Primary sector exports for 2012 show slight increase

17 October 2012

Primary sector export revenue figures for the final quarter to June 2012 are mixed. While there was a decline of 5.8 percent for the quarter, there was actually an overall increase for the year of 1.3 percent.

The Ministry for Primary Industries (MPI) today released its final quarterly report for the year to June 2012. New Zealand’s primary sector export revenue experienced a decline of 5.8 percent in the June quarter (compared with the previous June quarter) to $8,771 million. At the same time there was a production-driven increase of 1.3 percent for the year ended June 2012 to $32,119 million, due to favourable climatic conditions.

MPI reports export revenues for main meat products were down in the June quarter - mostly because of lower export prices from weaker international demand and a build up in meat stocks in New Zealand, particularly for lamb. Lamb production however, was up 5.9 percent in the year ended June 2012.Total meat export revenue was down 14.4 percent to $1,601 million.

For the most part lower dairy prices offset increased export volumes, resulting in a 5.6 percent decline in dairy export revenue to $3,351 million in the June quarter. For the 2011-12 season (year ended June), milk solids’ production increased 11.4 percent to 1,685,000 tonnes.

Horticultural exports declined one percent to $1,267 million in the June quarter. An increase in exports of kiwifruit and wine was more than offset by declines in pipfruit, other fresh and processed fruit and vegetable exports. However, horticulture revenue for the year ended June 2012 was up 5.3 percent on the previous year.

Although export revenue for total fisheries was down 4.2 percent to $399 million in the June quarter, this was mainly due to lower export volumes for most seafood categories. International demand and prices for seafood however, remains strong.

Forest product export revenue declined 5.7 percent to $1,131 million in the June quarter, largely due to the impact of lower prices of logs and sawn timber exceeding the impact of increased export volumes. Favourable weather and the recovery of wind-thrown logs from summer storms in the North Island encouraged a record quarterly high of 7.4 million cubic metres for roundwood removals.

For further information go to the full report in the Publications section (under the News and Resources menu) of the MPI website.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news