Food and fibre export revenue has hit new heights.

It's drawn $57.4 billion for the year to June 30, bringing $1.2 billion more into the economy than was originally forecast.

Dairy, horticulture, seafood and processed food exports have driven the record increases.

Business NZ chief executive Kirk Hope told Francesca Rudkin these are good headline numbers, but there are underlying factors.

He says, for example, while dairy by value is up the milk price is down by what was forecast from $8.30 to between $7 and $7.75.

LISTEN ABOVE

Food and fibre export revenue has hit new heights.
It's drawn $57.4 billion for the year to June 30, bringing $1.2 billion more into the economy than was originally forecast.
Dairy, horticulture, seafood and processed food exports have driven the record increases.
Business NZ chief executive Kirk Hope told Francesca Rudkin these are good headline numbers, but there are underlying factors.
He says, for example, while dairy by value is up the milk price is down by what was forecast from $8.30 to between $7 and $7.75.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.