Covid takes a bite out of previous forecast for primary export earnings. Total primary export revenue for the June 2021 year was now forecast to fall 1 per cent to $47.5b, rising to $49.2b in 2022. MPI said export revenue for the year ended June 2020 had exceeded its previous, pre-Covid forecast - by $131 million. "Although export revenue trends are relatively positive, this has been a difficult year for primary industry businesses and challenges remain," said the report. Photo / FileHorticulture exports were also expected to make a strong showing, with revenue forecast to rise 9.1 per cent to $7.1b.

Source: New Zealand Herald January 05, 2021 01:54 UTC