New Zealand: Skin and meat exports fall 17%
13/06/2013
The ongoing drought and high New Zealand dollar could also mean exports fall a further 9% in 2013/14, it added, although it expects the value to pick up thereafter.
The MPI has published its annual Situation and Outlook for Primary Industries report, which includes production, trade and pricing statistics for the current season and for three to four years ahead.
“It’s been a season of two halves for the land-based industries, with many areas impacted by drought in the second half,” said Jarred Mair, sector policy director. “The impacts of the severe drought could continue for several seasons, for example many sheep and beef farms need to build breeding stock numbers back up.”
However, the MPI has set a goal to double the value of exports by 2025. It expects primary sector revenues will increase 2.2% to $24.1 billion in the year to the end of June 2014, and says exports of meat, wool, hides and skins could hit $6.37 billion by June 2017.
“This outlook is based on maximising opportunities in Asian markets, recovery from the global recession and an assumption of a slightly lower New Zealand dollar against trading currencies,” added Mr Mair.
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