# Are Kiwis ready for oat ‘milk’?

> Otis Oat Milk, New Zealand's first oat milk producer, is launching to take on the dairy sector and aims to export NZ-grown oat milk. The company cites a global non-dairy milk market forecast to reach US$38 billion by 2024.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/59144-are-kiwis-ready-for-oat-milk
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

A new domestic oat milk start-up creates modest incremental demand for food-grade oats, with little effect on feed grain prices.

## Read by commodity

- OATS: bullish ▲

## Sources

- ruralnewsgroup.co.nz: https://ruralnewsgroup.co.nz/rural-news/rural-general-news/are-kiwis-ready-for-oat-milk

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.