New Zealand whole milk powder production forecast to decline
Exports forecast to decline by 2%
19 January 2024
1 minute read
By: New Zealand whole milk powder production is forecast to decline to just under 1.4 million tons in 2024, reflecting a smaller milk pool and lower profitability for whole milk powder production relative to other products, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.
Higher returns are anticipated for specialty products such as protein concentrates, whey and anhydrous milk fat.
Lower whole milk powder output is expected to negatively impact shipments, with exports forecast to decline by 2%.
Forecast weaker import demand from China and stagnant demand from Algeria and Indonesia are also expected to weigh on exports.
