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New Zealand fluid milk production is forecasted to be 21.2 million metric tons (MMT) in the 2024 market year (MY). This is a decrease on the previous 5-year average of ~21.6 MMT, reflecting the decreasing herd numbers and the short-term effects of the following: El Niño weather pattern, softening revenue, high cost of debt servicing, and challenging feed and fertilizer prices.
New Zealand’s apple planted area in the 2023/2024 market year (MY) is forecast to be 9,200 hectares (ha), a substantial drop from 11,000 ha at the start of the 2022/2023 MY. This is due to the impacts of Cyclone Gabrielle, which brought large-scale floodwaters, silt, debris, wind, and surface flooding to the primary apple growing regions of Hawkes Bay and Gisborne.
New Zealand’s wine grape area and wine production are forecast to continue to increase in 2020.
New Zealand imports of food and agricultural products from the United States rose by 10 percent in 2019, totaling US$587 million.