Agri sector to grow, but challenges abound

Mon, 30 Dec 2019

Strong commodity prices and global demand are still powering New Zealand’s agriculture sector but 2020 won’t be without its challenges.Total export revenue from the sector is tipped to hit $47.9 billion in the year ending June 2020, up 3.3 percent on the prior year, according to the Ministry for Primary Industries. It is also optimistic about 2021, picking revenue to be up another 2.1 percent.“A lot of these gains can be attributed to rising global commodity prices and the drivers behind rising prices are likely to be sustained through 2020 and...

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