The milk supply from New Zealand’s dairy farms in 2020 is forecast to remain steady compared to 2019, at 21.86 million metric tons (MMT). This is 0.7 percent less than the record volume in 2018. It is forecast to be produced from 4.94 million (m) cows, also steady from 2019 and 58,000 head (about 1 percent) less than were milked in 2018. Exports are forecast to fall slightly in 2020, as 2019 exports were inflated as a result of strong inventory to begin the year. New Zealand dairy may be at a crossroads with negative influences seemingly outweighing the positive ones.