Meat exports look set for the fu­ture

Matamata Chronicle - - Rural Delivery -

The meat ex­port sec­tor looks like it will re­main ro­bust for some time but economists are warn­ing the boost from other high com­mod­ity prices is set to fal­ter.

Sta­tis­tics NZ fig­ures showed a $ 313 mil­lion rise in exports in Au­gust, com­pared with the same month last year. Imports were up even more, ris­ing $523m, mainly be­cause of a big ship­ment of oil.

The Au­gust trade deficit was big- ger than ex­pected at $641m but is typ­i­cal for the time of year as farm exports start to fall off.

The an­nual trade sur­plus has nar­rowed to about $1.1 bil­lion but that was be­cause of ris­ing imports rather than a drop in exports.

The gain in exports in Au­gust was led by meat and of­fal sales, up $76m on the same month last year. Farm ex­port re­turns were well up on last year, de­spite the high Kiwi dol­lar.

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