Export revenue from New Zealand’s food and fibre sector is expected to reach a record $52.2 billion in the year to 30 June 2022. Primary Industries Ministers Damien O’Connor says the latest Situation and Outlook for Primary Industries reports show that for the first tiem NZ has hit more than $50 billion in food and fibre exports, and an increase of almost 10 per cent ($4.6 billion) on the previous year. Dairy exports are on track to reach a record high of $21.6 billion , “Meat and wool export revenue $12.2 billion – up 18 per cent on 2021. Horticulture continues to grow and is set to hit $6.7 billion. Seafood exports grew despite disruptions to food service internationally through the Pandemic. Seafood exports will hit $1.9 billion an increase of 9 per cent on the previous year. And log and forest products Exports are expected to dip slightly reaching $6.2 billion – a small drop of 4 per cent.
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