Oceania’s Milk Output Expected to Fall 4-5% Due to Persistent Wet Weather Conditions
Cow Milk
Australia
Sustainability & Environmental Impact
Market & Price Trends
Alan Chau
Published Dec 7, 2022
Oceania milk supplies are only getting worse as the wet conditions on the North Island are now likely to drag peak NZ output down by around 4-5%. Australia’s export availability is also diminishing due to persistent rain and flooding affecting producers in several regions. Milk output is expected to fall 4-5% over the current season. China’s eventual recovery from COVID-19 restrictions remains a key factor in the coming months. Milk availability appears balanced in retail according to price and cost indicators, while demand in food service and convenience will continue to suffer from lower consumer mobility. Milk prices have remained stable at high levels of FOB USD 0.53/L (AUD 0.79/L) to USD 0.60/L (AUD 0.88/L).
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