7 May 2024
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New Zealand Milk Production Update – Sep ’20

New Zealand milk production figures provided by Dairy Companies Association of New Zealand (DCANZ) were recently updated with values spanning through Aug ’20. Highlights from the updated report include:

New Zealand WMP reaches peak seasonal milk production

New Zealand WMP prices fell by 4% to NZD 4,280/MT in the four-week period ending 16th September 2020, as New Zealand nears the peak of seasonal milk production, which coupled with weaker export demand is weighing on prices.

July milk production bounces back

After limiting year-over-year milk production growth to about 0.5% in the second quarter of the year, July 2020 output bounced up about 1.5% compared to a year earlier, according to the USDA’s monthly Milk Production report, released Aug. 19.