According to a government report, New Zealand farm exports are predicted to hit a record $49.1 billion, up 3.4 per cent, over the next year. The Situation and Outlook for Primary Industries report, released today at Fieldays, near Hamilton, says by June 2025 the sector’s exports are forecast to reach $53.1b.
This follows a 1.1 per cent dip in total food and fibre exports for the year ending June 30.
The report highlighted that the horticultural sector in particular had performed well. Its export revenue was forecast to hit $6.6b, up 2.3 per cent by June 30. The rise was driven by larger crops and export volumes of kiwifruit and avocados, as well as continued overseas demand for fresh fruit and wine.
Oceans and Fisheries Minister David Parker said the sector had performed remarkably well in the face of Covid-19. He added that challenges arising from the pandemic, including food service disruptions and shipping logistics, have been felt across several sectors with the seafood sector hit harder than most.