New Zealand production falls 6% in February

Published 8 April 15

Milk production in New Zealand has fallen 6% in February, compared to the previous year. Drought has been impacting on the country's grazing conditions as milk production moves towards the seasonal trough. However, concerns over the drought have been eased by some market reporters. The Global Dairy Trade auction has seen prices fluctuate on the back of these developments by increasing nearly 20% in February before falling by a similar margin in March/April. This shows how drought developments in New Zealand could be key to whether buyers will become more active in the market over the coming months.

NZ milk production 08.04.15