Primary industries drive Covid recovery
Primary sector exports are on track to grow by $1.7 billion on last year helping underpin NZ’s Covid-19 recovery, says Agriculture Minister Damien O’Connor. “Overseas consumers are now more than ever looking for healthy, New Zealand-made food. We’ve seen that with the sustained demand for fresh fruit, particularly in Europe and North America and the strong demand for red meat in China,” Damien O’Connor said. “Our farmers and growers are in a strong position to help us reboot our economy. Along with the sector, the Government is focused on creating more demand, pursuing greater market opportunities to generate higher export returns and growing rural communities with new jobs. “In lieu of the June 2020 edition of the Situation and Outlook for Primary Industries (SOPI), the Ministry for Primary Industries today released the Economic Update for the Primary Industries, showing for the year-to-date primary industries export revenue is tracking 4.5 per cent ($1.7 billion) higher than the previous year. Dairy exports were particularly strong since the start of March, up $512 million (12 per cent) compared to the same time last year. Chinese meat imports surged in the second half of 2019. The animal protein shortage, due to the African swine fever outbreak in China, should help support prices and demand over the next year. There was a strong start to the season for apple and kiwifruit exporters with revenue up $274 million (18 per cent) on last year since the start of March. Fisheries Minister Stuart Nash said the Chinese market for rock lobster was significantly affected by Covid-19, but is now showing signs of recovery as seafood markets begin to reopen. “New Zealand kaimoana enjoys an excellent reputation around the world, built on the hard work of generations of fishing operators. The almost $2 billion in export revenue it brings into […]