New Zealand's cheese production surges amid strong milk supply

Published 2023년 12월 28일

Tridge summary

New Zealand cheese production soared in 2023 to 400,000 tons, driven by a strong year for milk production and increased manufacturing milk being processed. Despite shrinking milk output in 2024, cheese production is forecast to remain unchanged as a larger percentage of the milk pool is directed towards cheese production to meet demand from Japan, China, and South Korea. However, cheese exports are expected to decline in 2024 due to increased competition from Australia and the EU in markets like China and Japan.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Zealand cheese production surged in 2023, up 7% to 400,000 tons, as an unexpectedly strong year for milk production meant more manufacturing milk being pushed for processing, according to a recent US Department of Agriculture (USDA) Global Foreign Agricultural Service (FAS) dairy market report. In 2024, New Zealand production is forecast to remain unchanged, despite shrinking milk output. A larger percentage of the milk pool is being funnelled to cheese production amid stronger demand from Japan, China and South Korea. Sustained investments over time by processors have greatly expanded New Zealand’s processing output, in turn allowing exporters to meet rising ...

Source: The Cattle Site