Latest / Best of Business / Jamie Mackay: The Country host on New Zealand's primary sector being expected to jump by 7 percent in 2025

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Jamie Mackay: The Country host on New Zealand's primary sector being expected to jump by 7 percent in 2025 · Best of Business

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  Speaker 2: However, was some good news We're going to Jamie McKay
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  Speaker 2: hosted the Country because the primary industry is proving once
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  Speaker 2: again why they are the backbone of this country. Jamie,
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  Speaker 2: good evening to you. Great to have you back on
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  Speaker 2: the show.
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  Speaker 3: Yep, good to be on. Ryan and your bang on
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  Speaker 3: farming is the backbone of the economy. And if you
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  Speaker 3: needed any proof, it came this morning with the situation
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  Speaker 3: and outlook for primary industries reports from MPI. It's worth
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  Speaker 3: nearly fifty seven billion to US it's up seven percent
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  Speaker 3: a year on year. Director General Ray Smith said MPI
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  Speaker 3: was going to help the government deliver its goal of
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  Speaker 3: doubling export value within ten years, and he says the
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  Speaker 3: global economic environment was showing signs of improvement. That's all
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  Speaker 3: good news. Here's the numbers, Ryan, and I'll run through
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  Speaker 3: them quickly. Leading the charge derry lifting by ten percent
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  Speaker 3: to be worth twenty five and a hi billion dollars
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  Speaker 3: to the New Zealand economy. That's forty five percent of
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  Speaker 3: our primary sector exports. And Greenpeace won to ban it
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  Speaker 3: go figure that one and number two coming in at
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  Speaker 3: number two is meat and wool, although let's be honest,
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  Speaker 3: apart from fine wool, the other wall's not worth much,
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  Speaker 3: so it's effectively meat eleven point four billion. Treading water
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  Speaker 3: coming in at number three, and this will overtake meat
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  Speaker 3: and wool in the next few years. I would think
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  Speaker 3: of that as horticulture another strong performer, up twelve percent
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  Speaker 3: to eight billion, Kiwi fruit breaking through the three billion
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  Speaker 3: dollar barrier for the first time. Apple and pear is
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  Speaker 3: now worth an excess in excess should I say, of
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  Speaker 3: one billion, and that industry has really recovered after being
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  Speaker 3: badly affected obviously by cyclone. Gabrielle forestry has been a
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  Speaker 3: bit of a problem child because it used to be
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  Speaker 3: third equal with horticulture. It's up four percent, but it's
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  Speaker 3: at six billion. It's trailing horticulture by two billion. A
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  Speaker 3: bit of an up. And in the export industry is seafood.
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  Speaker 3: It's now worth two point two billion dollars for US
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  Speaker 3: and the cherry on top. Ryan Food and fiber accounted
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  Speaker 3: for eighty one point one percent of New Zealand's goods
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  Speaker 3: exports in the twenty twenty four year without farming, Ryan,
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  Speaker 3: we'd be bugget very soon.
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  Speaker 2: It is no exaggeration to say that, Jamie, Thank you
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  Speaker 2: very much. Great to have you on as always, Jamie mckaie,
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  Speaker 2: Host of the Country.
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