Primary industry exports forecast to dip 5% in 2024

Dairy exports are expected to fall 7% in the June 2024 year, but grow 6% in 2025. (Image: Getty)

Thu, 14 Dec 2023

Export revenue for the primary sector increased by 8% in the year to June 2023 but is forecast to fall by more than 5% in the following year before growth resumes.According to the Ministry for Primary Industries' (MPI) situation and outlook for primary industries (SOPI) report, released on Thursday, export revenue grew by $4.3 billion to $57.4b in the June year but is forecast to fall by $3.1b to $54.3b in the 2024 June year.Growth is expected to resume in the following year, with forecast export revenue expected to reach $57...

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