Rural Wrap

Food Nourishing Exports

Doug Steel -

Food exports look set to lift NZ’s merchandise exports to a record high in 2019. Further export gains are expected next year, on elevated primary product prices. Meat prices are leading the charge, amplified by the impact of African Swine Fever on pigs in China. We see NZ’s food trade surplus lifting to over $30 billion, supporting both NZ growth and the nation’s external balances.