The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country

NZ primary sector exports set for record

NZ Herald
14 Jun, 2023 05:00 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Primary sector exports are set to hit a new record. Photo / Alex Cairns
Primary sector exports are set to hit a new record. Photo / Alex Cairns

Primary sector exports are set to hit a new record. Photo / Alex Cairns

New Zealand’s food and fibre sector is on track to set a new record high, with export earnings expected to hit $56.2 billion by June 2023, the Ministry for Primary Industries (MPI) said.

That would represent a 2.3 per cent increase on earlier projections, MPI said in its latest situation outlook.

Prime Minister Chris Hipkins, in releasing the report at Fieldays, said the economy is through the worst, with inflation having peaked and returning to the target range next year, tourism bouncing back, and record numbers of workers arriving to fill skills shortages.

“The focus on trade and export growth remains a major cornerstone in our economic recovery plan, with the securing of new Free Trade Agreements like the UK & EU, as well as an upgrade to the China FTA,” he said. “These are resulting in more exports and more value being derived.”

Primary Industries Minister Damien O’Connor said primary sector exports looked set to climb to $62b by 2027.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

He acknowledged the “extremely challenging” start to the year for the primary sector and the impact of the North Island weather events on some rural communities.

“High input costs, also experienced internationally, have affected farmers and growers, and it’s encouraging to see those pressures easing,” he said.

O’Connor said major growth is projected in several parts of the sector in the year to 30 June 2023, including dairy export revenue to reach $25.1 billion, a 14 per cent increase on the previous year.

Advertisement
Advertise with NZME.

Horticulture export revenue is expected to rise 2 per cent to $6.9b.

Exports of processed foods and other products are expected to jump to more than $3.4b in the year to 30 June 2023, up 6 per cent on the previous year.

“Seafood is also one of the major drivers of this positive outlook and is helping to drive record earnings with a forecast increase of 8 per cent to achieve a record $2.1b in the year ending 30 June 2023,” O’Connor said.

Read More

  • Commodity export prices steady despite slowing China ...
  • NZ commodities took a hit from rampant kiwi in November ...
  • Farmer confidence down despite high commodity prices ...
  • Dip in export commodities prices hints at change of ...

“The effects of Cyclone Gabrielle have obviously affected our forestry exports in the short term,” O’Connor said.

“However, they are expected to pick back up as forestry operations recover from the adverse weather and international demand increases.”

Save

    Share this article

Latest from The Country

The Country

Beekeeper advocacy group comes under pressure

The Country

The Country: Luxon on coalition friction

The Country

Man lost wife and daughter in Waiuku triple-fatal


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Recommended for you

Police name young driver in fatal SH1 crash
Christchurch

Police name young driver in fatal SH1 crash

NZ Herald comments: The stories open for discussion today
New Zealand

NZ Herald comments: The stories open for discussion today

Afternoon quiz: Which ancient civilisation built Machu Picchu?
New Zealand

Afternoon quiz: Which ancient civilisation built Machu Picchu?

Beekeeper advocacy group comes under pressure
The Country

Beekeeper advocacy group comes under pressure

Wills Week promotes charitable giving
Whanganui Chronicle

Wills Week promotes charitable giving

Detached boat and trailer caused fatal crash near Te Kūiti
Waikato Herald

Detached boat and trailer caused fatal crash near Te Kūiti



Latest from The Country

Beekeeper advocacy group comes under pressure
The Country

Beekeeper advocacy group comes under pressure

Rifts among industry groups, charities and agencies in the beekeeping industry.

16 Jul 03:00 AM
The Country: Luxon on coalition friction
The Country

The Country: Luxon on coalition friction

16 Jul 01:42 AM
Man lost wife and daughter in Waiuku triple-fatal
The Country

Man lost wife and daughter in Waiuku triple-fatal

16 Jul 12:37 AM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP
search by queryly Advanced Search