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New Zealand 13/12/2018

Export earnings will increase by 12%

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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.

 

source : odt.co.nz, ruralnewsgroup.co.nz, learnz.org.nz

 

 

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Kiwi's export earnings in 2016 totaled NZD 1.6 billion and is estimated at NZD 2.2 billion for the current year.
   
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