Research
New Zealand Dairy Seasonal Outlook 2023/24: The Pressure Is On
Subdued dairy markets are setting the tone for New Zealand dairy’s 2023/24 season. Prices have plummeted since last year’s peaks, when market fundamentals were very...
Farmgate prices for the coming season depend on demand. Mounting pressure from greater year-on-year milk production growth in export regions through 2023 alongside subdued Chinese interest through 2H 2023 will keep prices under the pump. When we can expect a rebound will hinge on meaningful Chinese imports, as China’s dairy market rebalance is underway
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