Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Primary sector exports continue to grow

Hon Nathan Guy

Minister for Primary Industries


16 June 2016 Media Statement

Primary sector exports continue to grow

New export figures for the primary sector show solid growth, with gains across the sector more than making up for recent declines in dairy prices, says Primary Industries Minister Nathan Guy.

"The Situation and Outlook for Primary Industries released today show export revenue is expected to reach $36.7 billion in the year to June 2016, a rise of $1 billion from a year ago.

"This is a 3% increase and a pleasing result given the global volatility in dairy prices. It shows we have a broad and diversified primary sector.

"Horticulture is the star performer with export revenue growing by 20% from June 2015 figures and estimated to exceed $5 billion for the first time by June 2016. Kiwifruit, wine, apples and pears are driving this success.

“There is also strong growth from seafood with a 15% increase in export revenue, and 14% growth for both arable and other primary sector exports and foods.

“It’s also pleasing to see forestry export revenue reaching $5 billion, an increase of 8% from last year. Increased demand from China and a lower New Zealand dollar are helping the industry grow.”

"Dairy export revenues is down 6% which is disappointing but no surprise given the global volatility in dairy prices. Issues like Russia's trade sanctions, the removal of EU dairy quotas and low oil prices have all had an impact.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

"However the Ministry for Primary Industries expects dairy export prices to gradually rise from December as global demand and supply begin to rebalance.

"Overall MPI expects total growth in primary sector export revenue of just under 20% over the next four years which shows as a whole the sector is in good health."

A full copy of the report is available at www.mpi.govt.nz.


© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The US Opposition To Mortgage Interest Deductibility For Landlords


Should landlords be able to deduct the interest on the loans they take out to bankroll their property speculation? The US Senate Budget Committee and Bloomberg News don't think this is a good idea, for reasons set out below. Regardless, our coalition government has been burning through a ton of political capital by giving landlords a huge $2.9 billion tax break via interest deductibility, while still preaching the need for austerity to the disabled, and to everyone else...
More


 
 

Government: Concerns Conveyed To China Over Cyber Activity
Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government. “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity... More

ALSO:


Government: GDP Decline Reinforces Government’s Fiscal Plan

Declining GDP for the December quarter reinforces the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says... More

ALSO:


Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.