New Zealand Food & Drink Q4 2018
We have revised down our medium-term growth forecast for New Zealand's food and drink industry on account ofwaning consumer sentiment and high levels of household indebtedness. Given already high levels of food and drink consumption,growth will be driven primarily by premiumisation, with innovative and health-oriented products performing particularly well. Thecountry's food and drink industry will remain oriented towards exports, as new Zealand is a major growing exporter of dairy, meatand wine products.
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