New Zealand: Dairy and Products Annual

New Zealand fluid milk production is forecasted to be 21.3 million metric tons (MMT) in the 2025 market year (MY). This is a decrease on the previous 5-year average of 21.5 MMT, reflecting the decreasing herd numbers and the additional effects of the following: La Niña weather pattern forecasted, improving farm revenue, continued on-farm inflation on inputs, and high interest rates on debt servicing. FAS/Wellington forecasts relatively consistent exports for dairy products between the 2024 and 2025 market years. Whole Milk Powder (WMP) will continue to be the primary dairy export to overseas markets. However, New Zealand milk processing companies continue to shift their processing capabilities from drying milk powder to more fresh products.