New Zealand dairy exports continue to rise in September

Published 2022년 11월 7일

Tridge summary

New Zealand's dairy exports in September saw a 32% year-on-year growth, despite a 6% decrease in year-to-date exports. This increase was largely driven by a 26% rise in whole milk powder (WMP) exports, despite a 33% decrease to China, with exports to other regions increasing. Butter and anhydrous milk fat exports also saw significant growth, especially to China. However, whey exports experienced a 12% drop, with the US as the top destination. Milk production in New Zealand fell by 3.8% in September, marking the lowest September production since 2017. China's dairy imports continued to decline in September, with total imports down 5.5% year-on-year.

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

Original content

New Zealand dairy exports grew again in September, with the total volume of all dairy products up 32% year-on-year, although year-to-date exports were still down 6%. Exports of whole milk powder (WMP) increased 26% year-on-year. Year-to-date WMP exports remain 16% lower. WMP exports to China were down 33% year-on-year in September, with the increase coming from increased exports to other destinations. New Zealand sent more WMP to Southeast Asia, the Middle East and South America. Interestingly, Cuba suddenly skyrocketed in market share, with 5.15% of the total volume of WMP exports shipped to Cuba in September. Year-to-date, WMP exports from New Zealand to Cuba increased by over 200% to just over 9,000 t. However, this is only about 1% of New Zealand's total WMP exports to date, and looking further back it seems that 2021 was the anomaly, with previous years having similar volume trends to 2022. skimmed powder (SMP) increased by only 2% over the previous year. Year-to-date, SMP ...

Source: Milkpoint