[05 April/Rural News]

The Ministry for Primary Industries latest quarterly report on the outlook for New Zealand’s primary sector estimates primary export revenue for the year ending June 2019 is forecast to reach $45.6 billion. This is 6.9 percent higher than the previous year ending June 2018 and 3 percent higher than MPI’s December 2018 forecasts for the second half of the year. The report states that the increase is driven by a strong production season and another increase in dairy and meat prices. Horticulture is expected to be the fastest- growing sector of 2019.