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Speaker 1: So more data this morning that confirms the New Zealand

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Speaker 1: economy is building a head of steam as the recovery

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Speaker 1: takes whole. New export number show we pulled in almost

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Speaker 1: thirty billion twenty nine point two billion for the December quarter,

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Speaker 1: which is up two point two billion. There is up ten,

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Speaker 1: tourism up nine and a half, meet up twenty one

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Speaker 1: and a half. Two way trades also reached a new

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Speaker 1: high that's at sixty one point two. Catherine Riches, the

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Speaker 1: Business New Zealand bosson is with us. Catherine, good morning

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Speaker 1: to you.

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Speaker 2: Good morning.

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Speaker 1: Would you expect Q one to be better still? Have

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Speaker 1: we got to move on here?

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Speaker 2: Well? I hope the trend continues today's yesterday's news was

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Speaker 2: certainly good for exporters and the local economy and it

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Speaker 2: just shows when the global demand for food strong, New

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Speaker 2: Zealand export numbers move quickly, so very positive.

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Speaker 1: What is the supply demand curve? Have we got more

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Speaker 1: to sell off? The world wants it?

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Speaker 2: Well? Depending on who you speak to, exporters will tell

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Speaker 2: you that we make in us to feed around forty

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Speaker 2: to fifty million people. So when that's the number, you

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Speaker 2: want to make sure that when you're selling your products

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Speaker 2: around the globe, you get the highest value possible, and

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Speaker 2: that's what we're seeing. We're seeing a global bump to

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Speaker 2: meat and that is because there's a currently a global

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Speaker 2: shortage of red meat, particularly lean meat, lean beef into

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Speaker 2: the States for their hamburgers, and also a bump and

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Speaker 2: dairy prices.

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Speaker 1: Indeed, the diversification we talk of around things like tariffs

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Speaker 1: and a moving global landscape, Are we moving? Are we shifting?

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Speaker 1: Are we as agile as the trade minister would make

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Speaker 1: us out to be?

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Speaker 2: Yes? I think, I mean certainly, over the last couple

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Speaker 2: of decades, exporters have worked extremely hard to diversify. And

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Speaker 2: what we found post the President Trump tariffs was that

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Speaker 2: it was just another impetus again for exporters to say, well,

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Speaker 2: where can we move our products so we can drive

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Speaker 2: the highest value. And that's what we're seeing in these

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Speaker 2: latest numbers, a greater value, a small bump in volume,

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Speaker 2: but mostly it's getting high prices, which is good.

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Speaker 1: This protein story I'm reading about this globalpro Suddenly the

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Speaker 1: world seems to have woken up to the value of protein.

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Speaker 1: Is that real and is it on going? Do you

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Speaker 1: think it is.

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Speaker 2: A real trend? But then it's always been part of

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Speaker 2: a vital part of the human diet, and we're still

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Speaker 2: seeing that trend where the rising middle class. The moment

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Speaker 2: they get more money and have a higher income, they

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Speaker 2: want a better diet. And that's why New zealand exports

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Speaker 2: of dairy and meat are some important and why over

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Speaker 2: a period of time we're getting more popular.

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Speaker 1: I tell you what I was saying just before the

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Speaker 1: news my sense of this tourism thing. I've been critical

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Speaker 1: about tourism because it's not back to where COVID was,

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Speaker 1: but it seems to have turned in the last couple

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Speaker 1: of weeks. These numbers coming through tourism seems to have

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Speaker 1: a fission. Is that fair?

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Speaker 2: Certainly it's in a recovery phase. We get around three

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Speaker 2: and a half million tourists per year, and I think

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Speaker 2: when you're walking around and Wellington, I'd say most listeners

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Speaker 2: would think that there's a sense of a great above.

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Speaker 2: You can feel it. One. We're still not back to

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Speaker 2: twenty nineteen, but over time, and certainly with New Zealand's currency,

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Speaker 2: we're a good value place to come visit.

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Speaker 1: Yeah, that's a very nice way of saying. Our dollars

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Speaker 1: in the toilet and it helps, but thank you, Catherine,

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Speaker 1: appreciate it. Business New Zealand CEO Catherine Richard. For more

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