The latest milk supply numbers have just been updated by the EU central body and it shows that New Zealand milk production is actually back for August (the most recent available supply numbers).
New Zealand milk supply really kicks off in August and the numbers are back 2.4% on the same period in 2020.
In August 2021, supply was 1.397 billion litres and the previous year it was 1.468 billion litres.
Australia has a much flatter milk supply profile and supply is back there as well. It’s back 3.6%, from 736m litres to 711m litres for the month.
The lift in US milk has slowed also and it’s back to only 1.1% ahead of the year previous. All year it was running 4%, 3% and 2% ahead. However, now it’s back to 1.1% ahead.
In August, it was 8.546 billion litres versus 8.451 the year previous.
These three countries are big players in the milk game. It helps stack up why prices are holding and improving.