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- (-) October 2024
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New Zealand fluid milk production is forecasted to be 21.3 million metric tons (MMT) in the 2025 market year (MY).
New Zealand has signed a free-trade deal with the United Arab Emirates - the fastest agreement the country has ever reached. After negotiations began in May, the country's trade negotiators concluded the deal in four months.
U.S. food and agricultural products have continued to prove popular in the New Zealand market. In 2023, the value of these products was a record US$ 9.3 million, US$ 3.4 million of which were consumer-oriented products.
Dairy Farmers are now in the second year of below breakeven farmgate milk prices and have cut the national dairy cow herd number over the last eighteen months by five percent to 4.9 million head.
New Zealand deciduous fruit exports at 351,000 metric tons for MY2015/2016 are three percent greater than the previous forecast, because of an almost perfect growing season in the main growing region.