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New Zealand’s grain and feed sector is relatively small on a global scale, producing around 2.1 million metric tons (MMT) annually, well below the country’s total demand for feed, leading to the import of approximately 60 percent of its grain and feed needs.
This report provides an overview of the New Zealand wine market as of the publication date. New Zealand imports wine from all over the world, indicating that consumers in the country are open to exploring various wine regions.
The New Zealand Productivity Commission submitted a report to the Government of New Zealand recommending that a review should be done on regulation of genetic modification to ensure it is fit for purpose and supports domestic innovation. Other than that, there have been no recent significant official changes to the genetically engineered (GE) policies established by the New Zealand government.
The outlook for the 2022/23 apple season in New Zealand is much more optimistic with the opening of international borders following COVID-19 restrictions. While the last two apple harvests were severely impacted by the lack of labor, the return of overseas workers under the Recognized Seasonal Employer (RSE) scheme is expected to help allow a recovery in production, with the forecast up 12 percent from the previous year’s estimated crop.
New Zealand milk production is forecasted to fall slightly in 2023. Although milk prices are at extremely high levels and expected to remain elevated, a number of issues are limiting the production response. This includes a slowly declining national herd, and also that on-farm inflation is expected to remain high as a result of the weak NZ dollar impacting imported input prices, as well as strong global fuel prices.