Todd McClay: Agriculture and Forestry Minister on the positive future of food and fibre exports
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There's optimism from the Agriculture and Forestry Minister on the future of food and fibre exports.
The Ministry for Primary Industries projects exports will reach just under $57 billion by June, and over $58 billion the following year.
Horticulture exports are expected to rise 12%, with dairy forecast to grow by 10%.
Minister Todd McClay told Heather du Plessis-Allan he sees a positive future with China.
He says its market will be a key reason why dairy exports are forecast to increase.
Meat and wool revenues are also expected to rise slightly to $11.4 billion as demand strengthens.
McClay told du Plessis-Allan that wool's commodity price is starting to increase and there's new users.
He says the Indian Parliament only has New Zealand wool in its buildings, which shows there's a good role for wool but there's a lot of work to do.
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