MPI lifts forecasts for dairy, meat, forestry exports on Chinese demand

Tue, 18 Feb 2014

Feb. 19 (BusinessDesk) - The Ministry for Primary Industries has raised its forecasts for exports of dairy products, meat and forestry, citing growing demand and limited supplies of milk, lower US and European beef production and high prices for logs. The ministry raised its forecast for total primary sector exports in the year ending June 30 by 15.6 percent compared to its estimates last June to $36.5 billion and its 2015 forecast by about 8 percent to $35.7 billion. The revisions are led by dairy products, which are seen generating $16.69...

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