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U.S. food and agricultural products have continued to prove popular in the New Zealand market. In 2023, the value of these products was a record US$ 9.3 million, US$ 3.4 million of which were consumer-oriented products.

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.

The French food processing industry mobilizes more than 19,000 companies, of which nearly 98 percent are small and medium sized enterprises (SMEs). The sector generates $230 billion in annual revenue, and it indirectly contributes to nearly 2 million jobs in France.

New Zealand fluid milk production in 2024 is forecast to decline by 0.5 percent to 21.4 million metric tons (MMT). This situation results from recent decreases in farm gate milk price forecasts, as well as rising interest rates, which are expected to...

In 2022, the agri-food market in France was strongly impacted by inflation, recorded at 5.3 percent. This price increase has impacted the most modest strata of society and has cut into their ability to buy. Consumers are moving away from big brands to less expensive distributor brands.

U.S. food and agricultural products have continued to prove popular in the New Zealand market, and in 2022 the value of these products was a record US$ 629 million, US$ 413 million of which were consumer-oriented products.

FAS/Wellington’s New Zealand milk production forecast is raised for 2023 to 21.5 million metric tons (MMT) as a result of favorable pasture growing conditions entering the year and strong milk production during the first four months of 2023.

In 2022, the French food processing sector encompasses approximately 17,300 companies ranging from small family-owned businesses to some of the world’s largest multinationals.

Despite being a small country, New Zealand is a major exporter of food and beverage products, and many of these products are manufactured in-country requiring inputs imported from other suppliers.

During Covid-19, the French government designated the retail sector as essential. Retail companies were authorized to continue operations. The nationwide lockdown and the closing of restaurants gave a significant boost to the retail sector.

New Zealand milk production is forecasted to fall slightly in 2023. Although milk prices are at extremely high levels and expected to remain elevated, a number of issues are limiting the production response. This includes a slowly declining national herd, and also that on-farm inflation is expected to remain high as a result of the weak NZ dollar impacting imported input prices, as well as strong global fuel prices.

U.S. food and agricultural products have continued to prove popular in the New Zealand market, and in 2021 the value of these products was a record US$ 625 million, US$ 425 million of which were consumer-oriented products. The New Zealand grocery and food retail sector has seen resiliency during COVID-19 and continued strong demand.