Rural Research

Tariffs and Trade

Doug steel -

The primary sector has been a standout performer over the past year. Significant improvement in key primary product prices and good volumes have combined to drive export receipts materially higher. This has put many in a better position than a year ago. And it is very helpful to face into whatever the world has in store ahead.

Upswing Welcome

Doug Steel -

There has been a decent upswing in global prices for some of NZ’s major primary export products over the past year. For example, wholemilk powder prices are up 18%, the price of a leg of lamb is up 41%, and the US imported bull beef price is up 24%.