In 2023, New Zealand saw a 0.9% increase in milk production, reaching 21.25 million tons, and a 2.1% rise in dry milk matter. However, the 2023/2024 season is not expected to see significant expansion due to a decrease in cow numbers and requirements. Fonterra, the leading dairy, anticipates processing slightly less raw material than the previous season, despite a significant increase in the amount of processed milk ingredients.