Food and fibre exports are predicted to reach a record $55 billion in the year to next June. Dairy export revenue is expected to grow six per cent to $23.3 billion driven by strong global prices and a weakening New Zealand dollar. “The food and fibre sector accounted for 81.4 per cent of New Zealand’s merchandise exports in the year to 30 June 2022. “Despite the global economic storm gathering, the latest SOPI results show our food and fibre export revenue continuing to climb. “Forestry export revenue is set to increase to $6.6 billion in the year to 30 June 2023,” Nash said.
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