High prices salvage weak volumes for NZ ag exporters

Export volumes seen sharply lower in 2022. (Image: Unsplash)

Tue, 02 Aug 2022

Demand for New Zealand goods is likely to remain soft for some time to come but the biggest challenge for NZ exporters is constrained output, said ASB Bank in its latest trade disruptions report. Export volumes are “steeply lower for most of NZ’s major export commodities relative to where we’d usually expect at this point in the year,” said economists Mark Smith and Nathaniel Keall. The outlook isn’t great either. Export volumes are likely to end 2022 sharply below 2021 and not return to their 2021 p...

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