Export revenue for Arable jumped for the year ending June 2024, partly due to favourable weather conditions boosting grain yields. This upward trend is forecast to continue over the next few years.
The Arable industry’s contribution to GDP is, however, forecast to fall, primarily due to increasing domestic demand for imported grains.
2. IBISWorld, “Grain Growing in New Zealand,” Industry Report (New Zealand: IBISWorld (access is by subscription only), May 2022), https://www.ibisworld.com/