Analysts more downbeat than Fonterra on NZ production

Analysts are tipping milk supply to shrink a record amount (Image: Unsplash)

Mon, 28 Mar 2022

New Zealand’s milk production may shrink by a record amount this season, but prices are tipped to remain high, good news for farmers who are grappling with high input costs.NZ’s production fell 7.2% year-on-year in February and milk flows around the world are also under pressure. Westpac Bank senior agri economist Nathan Penny is expecting NZ production to fall by 4.75% compared to last season, something that would be a record season-on-season fall by his calculations. On the flip side, the tight supply has also driven gl...

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