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Covid 19 coronavirus: NZ food exports still in demand despite virus impact

NZ food exports still in demand despite virus impact

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[02 May, The Country]

Trade data that has been released shows that New Zealand’s food is still in high international demand currently despite the impacts of Covid-19. Primary exports earned the country nearly $8.2 billion between 01 February to 22 April. The amount is $40 million less than the same period last year but compares with $7.4 billion in 2018. Agriculture Minister Damien O’Connor states that the figures show New Zealand has a head start in recovering from Covid-19, and that the primary sector is in a strong position to help us reboot our economy as there is no shortage of demand. Mr O’Connor noted that there are around 50,000 jobs that need filling in the primary sector. On the other hand, seafood export revenue from China is down 36 percent from last year, and forestry products are also facing weaker demand than usual. 

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