One in every four New Zealand export dollars comes from the dairy sector

To continue reading the article, log in with your account or register with MilkPoint. Get access to exclusive content! A new report on New Zealand's dairy industry highlights its crucial importance to the national economy as a source of exports and a creator of jobs. Manufacturing is New Zealand's largest goods-producing sector, accounting for NZ$11.3 billion (US$6.65 billion) (3.2%) of GDP in the year to March 2023, says Solid Foundations report – Dairy's Economic Contribution to New Zealand. Of this total, dairy farming contributes NZ$8 billion (US$4.71 billion) (2.2% of GDP) and dairy processing contributes NZ$3.4 billion (US$2 billion) (0. 9%). The report was produced by the Dairy Companies Association of New Zealand (DCANZ) and DairyNZ. DCANZ chief executive Kimberly Crewther said the report shows the long-term outlook for the dairy sector is strong and will continue to contribute significantly to the New Zealand economy. “Dairy generated almost NZ$26 billion (US$15.31 ...