New Zealand: Dairy and Products Semi-annual

  |   Commodity Intelligence Report   |   NZ2021-0007

Despite a declining national dairy herd, New Zealand milk production continues to rise and is forecast to reach a record in 2021. Total milk production is forecast at 22.2 million metric tons (MMT), 1.2 percent above the 21.98 MMT produced in 2020. While the COVID-19 pandemic has caused disruptions to export supply chains, whole milk powder (WMP) remains in demand at prices which are profitable for both processors and farmers. WMP powder exports for 2021 are forecast at 1.54 MMT, up slightly from the 1.53 MMT shipped in 2020.

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