Global: New Zealand's milk supply recovers, but Australia's drops
Cow Milk
Dairy
Australia
New Zealand
China
Published May 25, 2023
Original content
Updated on 05/19/2023 Global commodity markets largely softened throughout March, before showing some signs of optimism towards the end of April. Oceania commodity returns saw some resistance in April. In dollars, commodities increased at the end of April compared to the previous month (except whole milk powder). Year-on-year, commodity prices have fallen between 28% and 36% since April 2022. The underlying fundamentals remain weak and will require an increase in Chinese imports to turn the tide. New Zealand milk supply is recovering against weaker comparisons last year and a very wet summer. Milk production in March 2023 increased by 0.3%, with intakes now just 1.4% lower year-on-year. Meanwhile, Australia's milk production shrank by 3.3% year-on-year in March. So far, in the 2022/23 season, milk production in the country has dropped by 6.2% compared to the previous season. The biggest volume declines of the season so far have been in eastern Vitória. From the end of this month, ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.