Export earnings will increase by 12%

In New Zealand exports of the sector are expected to reach a record level in the next year according to the Minister of Agriculture. Export earnings are expected to increase by 3.8% for the sector as a whole and by 12% for the horticulture sector alone.

 

 

 

The latest ministerial report provides a total of NZ $ 44.3 billion for export earnings of the entire primary sector (dairy products, meat and wool, forestry, horticulture, aquaculture and fisheries). For the horticulture sector alone, revenues will increase by 12% to NZ $ 6 billion.

 

 

 

For the kiwi, the forecast turnover could be up 12% and reach NZD 2.2 billion for the year ending March 2019.

 

 

 

For cherries, export earnings are expected to increase by NZD 25 to 100 million over the next 4 years.

 

 

 

These excellent prospects must, however, be tempered. Brexit and the trade dispute between the United States and China can create uncertainties in global markets that are still difficult to assess.