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NZ Government Media Release
Tuesday, 11 January 2000
New Zealand’s primary sector has been affected by significant international and national shocks recently that are expected to influence production, prices and exports over the next few years, according to the Ministry of Agriculture and Forestry’s Post-Election Brief.
MAF’s Post-Election Brief was released to the public today by the Minister of Agriculture and Minister for Rural Affairs, Hon Jim Sutton.
The Post-Election brief outlines the situation in agriculture, as well as policy issues likely to need the attention of the Minister of Agriculture and Minister for Rural Affairs, the Minister of Forestry and the Minister for Biosecurity for the first three to six months of a new government.
Setbacks for the primary sector have included the Asian financial crises, the Russian financial crises, weaknesses and uncertainties about the Brazilian economy, the depreciation of the New Zealand dollar and two seasons of drought.
While there are encouraging signs of a faster than expected recovery in some Asian countries, such as Korea and Japan, there is still a bleak outlook for Russia.
However, the primary sector still accounted for 62 percent of New Zealand’s total exports for the year ending June 1999.
Dairy products (excluding casein products with a value of $763 million) comprised New Zealand's single biggest primary sector export category, valued at $3,861 million. Meat, wool and by-products were valued at $4,291 million, with forestry products valued at $2,445 million or 11 percent of New Zealand’s total merchandise exports.
Hon Jim Sutton, ph: 04 470 6556