New Zealand’s Food and Fibre Exports Set for Record-Breaking Growth

According to the SOPI report, food and fibre exports are forecast to rise further and reach $70.1 billion by June 2030.

New Zealand's food and fibre sector is on track for its biggest export year yet, with export earnings expected to reach a record $64.3 billion by June 2026. The latest Situation and Outlook for Primary Industries (SOPI) report shows farmers, growers, foresters, fishers and food processors are benefiting from strong international demand and favourable prices across several major export categories.

Trade and Forestry Minister Todd McClay said the sector continues to play a major role in supporting economic growth, with rising export values reflecting the quality and reputation of New Zealand products in overseas markets. Demand for dairy products and red meat remains strong, while large kiwifruit and apple harvests are also helping push export revenue to new highs.

Dairy, meat and horticulture lead export surge

Dairy remains the country's largest export earner, with revenue forecast to climb 5 per cent to a record $28.6 billion. Meat and wool exports are expected to record one of the strongest gains, rising 14 per cent to $14.1 billion as tight global meat supplies support prices.

The horticulture sector is also heading for a standout year. Export revenue is forecast to increase 7 per cent to $9.5 billion, supported by strong production and continued overseas demand for New Zealand fruit. Processed food products and other primary sector exports are expected to reach a record $3.5 billion, marking a 5 per cent increase.

Farmers are also expected to benefit from strong returns at the farm gate. High milk prices, record milk production and favourable conditions in global meat markets are helping offset challenges linked to shipping delays and supply chain pressures connected to conflict in the Middle East.

Government backs sector to drive future export growth

The Government believes the sector's momentum can continue well beyond the next year. According to the SOPI report, food and fibre exports are forecast to rise further and reach $70.1 billion by June 2030.

McClay said supporting the primary sector remains a key priority because strong farm and export performance creates jobs, lifts incomes and strengthens regional communities. The Government is focusing on expanding trade opportunities, including efforts to increase access to markets such as India, while also working to reduce trade barriers that can limit export growth.

Policy changes aimed at improving land-use flexibility, along with reforms covering freshwater management, resource management and agricultural emissions, are also part of the Government's strategy to increase production and meet growing global demand.

The SOPI report was launched at Fieldays and highlights the central role New Zealand's food and fibre industries are expected to play in driving economic growth over the coming years.