Xinhua News Agency, Wellington, December 16, New Zealand Minister of Trade and Export Growth and Agriculture Minister Damien O'Connor and Forestry Minister Stuart Nash said on the 15th that despite the huge challenge of the new crown epidemic, they benefited from strong demand in markets such as China. New Zealand’s primary industries are showing signs of recovery.

According to forecasts, in the year ending June 2021, New Zealand’s dairy export revenue is expected to fall by 4.6% to 19.2 billion New Zealand dollars (1 U.S. dollar equals 1.4 New Zealand dollars). O'Connor said that strong global demand for dairy products, especially in the Chinese market, will offset the adverse effects of weak dairy product prices. It is estimated that in the year ending June 2022, New Zealand's dairy products export revenue is expected to reach 20.1 billion New Zealand dollars.

At the same time, forestry exports are showing a recovery trend. Nash said that China and other countries' demand for timber is pushing New Zealand's forestry exports to gradually recover.

The New Zealand Government’s "Prestige and Prospects for Primary Industries" report released on the 15th predicts that in the year ending June 2021, the export revenue of primary industries will exceed NZ$47.5 billion; in the year ending June 2022, this figure will reach A record 49.2 billion New Zealand dollars. 

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