Despite being the start of the new season in the southern hemisphere, NZ milk production in August, was down 2.7% on August last year.
Sustained low farmgate prices in Europe have meant that EU28 production has continued to fall month-on-month for the last four months.
However, the drop in production appears to finally be stabilising, with a fall of just 0.1% month-on-month in August.
Four of the five key regions have recorded year-on-year decreases for cumulative production from April to August. Argentina was down 16.8%, Australia down 7.3%, New Zealand down 1.1% and the EU28 down 0.3%.
Only the U.S. has shown an increase, with production 1.3% higher than the same period in 2015.
September production figures are available for the US and NZ. Seasonally adjusted milk production in the US is showing a further increase, and production is now running 2.1% above September last year. NZ production in September is put at 1.1% up on last year, partly reversing the deficit recorded in August.
September production figures are not yet available for Australia, Argentina or EU28. ■
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