Over the next year, a focus on higher value products, combined with ongoing favourable exchange rates, was expected to support export revenue growth. Lower export volumes were expected to drive an 8.2% fall in venison export revenue in the year ending June 2019 to $180million. Over the past year, export prices were near record levels and were 30% higher than the five-year average. Velvet was performing well for the third consecutive year and was on track to match last year's export revenue of $63million. Export prices were historically high due to strong demand from the key growth market of South Korea.

Source: Otago Daily Times June 14, 2019 17:11 UTC