Substantial growth expected in the agritech sector

摘要

New Zealand can expect to see substantial growth in the agritech sector in the next 12 months, according to AgritechNZ chief executive Peter Wren-Hilton. Recent research suggests that New Zealand had approximately $1.4 billion worth of agritech exports in 2018 and was growing at a compound annual growth rate of four percent but New Zealand is underperforming in the absolute size of agritech exports despite good growth. For example, Israel, a tiny desert state the size of the West Coast, exports approximately 10 times as much agritech as New Zealand, Wren-Hilton says in a media release.