NZ primary sector exports to fall 8% in 2015 but shows signs of recovery

New Zealand’s primary sector export revenues will probably drop 8 percent to $35.2 billion this year, due to a substantial decline for dairy and forestry products although the outlook for the next four years is rosier. The Ministry for Primary Industries’ latest Situation and Outlook for Primary Industries shows revenue for dairy, the traditional heavyweight in the primary sector accounting for 40 percent of total export revenue, is expected to decrease 22 percent to $14.2 billion in the year ending June 30, 2015.