Pastoral earnings
Agriculture continues to earn more overseas revenue for New Zealand than any other sector, according to the New Zealand Meat and Wool Board’s Economic Service. The service rebutted Planning Council claims that the earnings of traditional pastoral products have fallen to 40 per cent of foreign exchange earnings. In 1955 they earned 85 per cent of New Zealand’s foreigh exchange. It was a new presentation of the figures which caused a degree of confusion within the industry, the service said.
The Planning Council’s claim was based on the addition of receipts from services and investments to
the usual total of mer-.„ chandise exports, which j comprise raw materials, processed products and manufactured goods.
Agricultural exports still’* make up 65.7 per cent of the 7 merchandise trade, and 50.3 per cent of the total export' n trade, according to the ser- -4 vice. fTI
It acknowledges that there has been an expansion 7 in the amount of non-agri- " cultural merchandise as a 1 percentage of total export receipts. ••= Non-merchandise export receipts are shown by the service to have remained.; relatively constant as a v percentage of total exports ' over the past decade and n increased in line with met- - chandise trade. A
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Press, 20 December 1985, Page 20
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203Pastoral earnings Press, 20 December 1985, Page 20
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