New Zealand: Dairy and Products Annual
The second successive year of low dairy prices is taking its toll on New Zealand dairy farmers both financially and on herd numbers. Forecast milk supply is set to drop by two percent to 21.4 million metric tons in 2015. This is likely to be followed by a further fall in 2016 of three percent to 20.8 million metric tons. Both dairy production and exports will follow the same direction.
