Food and fibre export revenue hits new record

Export revenue is projected to reach a new high of $62 billion by 2027. (Image: Getty)

Thu, 15 Jun 2023

New Zealand’s food and fibre export revenue is expected to record $56.2 billion in the year to June 30, up 6% on the previous year.Not only that but “looking out to 2027, we’re also expecting to see the sector’s steady growth continue, with export revenue projected to reach a new high of $62b”, said agriculture minister Damien O’Connor.According to the latest Situation and Outlook for Primary Industries from the Ministry for Primary Industries, dairy export revenue is expected to increase by 14% to reach $25....

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market close

NZ sharemarket starts week down 0.5%

The S&P/NZX 50 Index closed at 12,827.33, down 68.65 points or 0.53%.

Graham Skellern 6:15pm

Retail

Hospitality spending hit hardest in 2024

Core retail spending grew at the slowest rate in five years.

Gregor Thompson 3:38pm

Hospitality spending hit hardest in 2024

Markets

Weak dollar may impact February OCR cut

RBNZ expected to cut by another 50 basis points to 3.75% in Feb.

Rebecca Howard 3:20pm

Sponsored

Why Kiwis are embracing Bitcoin ETFs

The once hard-to-access investment option is becoming mainstream.

Smart

Sponsored

Boost worker health, boost results

Research shows flexible workspaces improve health and productivity

Regus

More Primary Sector

Primary Sector

Foot-and-mouth detected in Germany for first time in 40 years

German authorities confirmed the country's first outbreak of foot-and-mouth disease in nearly 40 years last week in a herd of water buffalo on the outskirts of Berlin.On Friday, the World Organisation for Animal Health (Woah), an intergovernmental organisation tasked with pre...

Staff reporters 4:00pm