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New Zealand milk 2020-21

To help investors inform their own views on the world dairy market, Agrimoney draws together forecasts from a range of commentators on production and prices in New Zealand.

 

The New Zealand dairy season is typically reported on a June-to-May basis,

 

Forecasts from processors such as Fonterra and Synlait refer to values their own farmer suppliers can expect.

 

For 2019-20 estimates, click here.

 

 

Estimates for New Zealand milk output, 2020-21

Organisation

Cows in milk (m head)

Total output (m tonnes)

Collections (m kg of milk solids)

Year-on-year change

Milk price (NZ$ per kg of milk solids)

Date of estimate

ASB 7.60 March 17 2021
Rabobank +1% 7.80 March 10 2021
Fonterra 7.30-7.90 March 5 2021
ANZ 7.70 March 4 2021
Westpac 7.90 March 3 2021
StoneX +1.8% February 25 2021
BNZ "a bit under 1%" growth 7.40 February 3 2021
ASB 7.40 February 3 2021
Fonterra 6.90-7.50 February 3 2021
Westpac January 20 2021
USDA* 4.815 22.0 1,500 December 17 2020
BNZ "a touch over 1% growth" 7.00 December 4 2020
Fonterra 1,525 6.70-7.30 December 4 2020
Westpac 7.00 November 18 2020
StoneX +1.5% November 12 2020
Westpac 7.00 October 21 2020
BNZ 6.80 October 20 2020
Fonterra 6.30-7.30 October 15 2020
USDA attaché* 4.85 22.19 +1.3% October 15 2020
Fonterra 5.90-6.90 September 18 2020
Fonterra 5.90-6.90 September 1 2020
ASB 6.75 July 22 2020
USDA* 4.928 21.90 July 21 2020
Fonterra 5.90-6.90 July 17 2020
Westpac 6.50 June 17 2020
Rabobank 22.0 +1.8% 5.95 June 16 2020
Fonterra 1,525 June 2 2020
Synlait 6.00 May 27 2020
Fonterra 5.40-6.90 May 21 2020
USDA attaché* 4.928 21.695 -0.7% May 15 2020
Westpac 6.30 April 6 2020
ASB 6.50 April 2 2020
BNZ 6.50 March 18 2020
Westpac 7.30 March 4 2020
ABS 7.50 March 4 2020
Westpac 7.00 July 3 2019
*= for calendar 2020

 

 

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