Fruit fly could knock 8% off NZ exports.

This is the fourth time Queensland fruit fly has been found in New Zealand since 2012. The Queensland fruit fly is one of the most worrying as it infests more than 100 species of fruit and vegetables – including commercial crops such as avocado, citrus, feijoa, grape, peppers, persimmon, pip fruit, and stone fruit. If establish, it would have serious consequences for New Zealand’s horticultural industry which accounts for around 7% to 8% of NZ merchandise exports. So, while a risk seemingly as small as the fruit fly itself, it needs to be taken seriously for the impacts it could potentially have, as a very worst case scenario.

NZ Trade June 2014

Source: BNZ Markets Outlook

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