New Zealand: Dairy and Products Annual
Wet and cold Spring weather has thwarted the anticipated 3 percent rebound in 2017 milk production. Now New Zealand 2017 milk supply is forecast to reach 21.5 million metric tons, a modest 1.3 percent increase over 2016. An even more modest increase of 0.5 percent in 2018 should mean milk supply reaches 21.6 million metric tons. Exports for 2017 will come off the boil just, to record a 0.7 percent reduction to 3.26 million metric tons then resume an upward trend in 2018 to be forecast at a total of 3.32 million metric tons.
