New Zealand ex­ports de­pend on dairy

China Daily (Hong Kong) - - BUSINESS -

Re­bound­ing dairy prices and Chi­nese de­mand for wood are ex­pected to help boost ex­port earn­ings for New Zealand’s pil­lar pri­mary sec­tor by an av­er­age 5.4 per­cent a year over the next five years, said a fore­cast re­port from the Min­istry for Pri­mary In­dus­tries on Tues­day. The out­look across the pri­mary sec­tor was sta­ble for the cur­rent year, as dairy prices rose and growth con­tin­ued for the hor­ti­cul­ture and forestry sec­tors, but this was off­set by a fore­cast de­cline in meat and wool ex­ports, said the MPI re­port.

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