According to DCANZ milk production fell 3.1% YOY in milksolids terms in October and 3.3% in volume terms. October marks the third consecutive month of declining milk output in New Zealand, with 2021/22 October peak production the lowest since 2017/18. Season to date NZ production is 3.1% behind the prior year comparable in milksolids terms and 3.4% behind the comparable in volume terms.
According to NZX dairy analyst Stuart Davison, light and temperature continues to constrain production across major production regions. Moisture levels have been more than adequate almost to the point of too wet with excess moisture expected to weigh on November production. Recent confirmation of La Niña conditions will challenge summer pasture production in some regions.