New Zealand: Dairy and Products Semi-annual

  |   Attaché Report (GAIN)   |   NZ2024-0003

Contact:

Office of Agricultural Affairs, Wellington   |   (011-64-4) 462-6030

Link to report:

New Zealand: Dairy and Products Semi-annual
New Zealand fluid milk production is forecasted to be 21.2 million metric tons (MMT) in the 2024 market year (MY). This is a decrease on the previous 5-year average of ~21.6 MMT, reflecting the decreasing herd numbers and the short-term effects of the following: El Niño weather pattern, softening revenue, high cost of debt servicing, and challenging feed and fertilizer prices. Notably, New Zealand milk processing companies have strategically redirected their investments in recent years. They have shifted their processing capabilities from drying milk powder to more fresh products such as butter, cheeses, and creams. FAS/Wellington forecasts export growth in New Zealand Butter/AMF, Skim Milk Powder (SMP), and Cream products in 2024. Whole Milk Powder (WMP) will continue to be the primary dairy export to overseas markets. In the first quarter of 2024, global export volumes of dairy products from New Zealand were up 19 percent at the same time last year.
East Asia and the Pacific, New Zealand
Dairy, Livestock and Poultry, Dairy Products, Processed Food Products, Dairy Products

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.