# New Zealand milk production recovers [News Oceania n°16/2017] | CLAL News

> New Zealand milk production rose 2.7% year on year in October 2017 to 3.12 million MT, and June-October output was up 0.93%. Fonterra kept its 2017-18 farmgate forecast at AUD 6.75 per kgMS, while Oceania butter and skim milk powder prices weakened.

- Date: 2017-11-15 · published 2017-11-15T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67982-new-zealand-milk-production-recovers-news-oceania-n-16-2017-clal-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising Oceania milk supply and softer butter and powder prices weigh on global dairy prices and reduce dairy-sector demand for feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-07-07 | [Global milk production modestly recovering \| Capital Press](https://feedsoft.ai/events/69992-global-milk-production-modestly-recovering-capital-press.md) | -0.8% | +4.5% |
| MILK | 2017-04-12 | [Dairy Economic Update: 2017 milk production forecast and price cut -  \| Ag Proud](https://feedsoft.ai/events/71511-dairy-economic-update-2017-milk-production-forecast-and-price-cut-ag-proud.md) | +0.7% | +2.7% |
| MILK | 2021-05-20 | [Mielke: 2021 Milk Production Estimates Raised - EDairy News English](https://feedsoft.ai/events/47111-mielke-2021-milk-production-estimates-raised-edairy-news-english.md) | 0.0% | -8.7% |
| MILK | 2025-12-10 | [USDA Lowers 2026 Milk Production, Cheese And Butter Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/21493-usda-lowers-2026-milk-production-cheese-and-butter-price-forecasts-cheese.md) | -0.8% | -6.8% |
| MILK | 2020-10-22 | [September Milk Production Up 2.3% - EDairy News English](https://feedsoft.ai/events/50650-september-milk-production-up-2-3-edairy-news-english.md) | +0.8% | +7.8% |

## Sources

- news.clal.it: https://news.clal.it/en/wmp-prices-oceania-weakened-news-oceania-n162017/

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