[18 June/ Otago Daily Times]

The Situation and Outlook for Primary Industries report released by the Ministry for Primary Industries (MPI) showed that primary sector exports were likely to grow 3 percent in the year to June 2017, as they did in the past year. The report added that New Zealand export growth was likely to be strongest in the dairy, forestry and horticulture sectors. Primary Industries Minister, Nathan Guy said the result was pleasing given the volatility in the dairy industry. Mr Guy added that dairy export revenue was down 6 percent, but MPI expected prices to gradually rise from December as global demand and supply began to rebalance.