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New Zealand milk volume lowest since 2019
Winter has started in New Zealand and this is also reflected in milk production, which reached the seasonal low in June. The supply that month was also the lowest since 2019. In Australia, production is ahead of last year.
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In recent months, milk supplies in New Zealand have already lagged considerably, with a decline of more than 6% in May compared to the same period last year. In June a shrinkage of 1,1% is visible to 228.000 tons. This is the lowest seasonal trough since 2019. Normally, production will pick up again in the coming months and peak in October and November.
Australia
'Neighboring country' Australia has a similar seasonal pattern. The most recent supply figures go back to May when production amounted to 645.1 million litres. This amounted to an increase of more than 3% compared to the same month in 2023. Throughout the year, production has been ahead of previous years. This is mainly due to the relatively good availability of water. The more favorable prices for animal feed and fertilizer play a role in this, local analysts indicate.