New Zealand: New Zealand Grain and Feed Market Situation

New Zealand grain and feed import volumes in 2022 rose to the highest level ever, importing 3.7 million metric tons (MMT), up 13 percent from the previous year. National grain and feed demand continues to outstrip domestic supply by nearly double, with New Zealand producing 2.1 MMT in 2022, but consuming an estimated 5.8 MMT. Dairy farming continues to dominate as the largest consumer, accounting for about 75 percent, followed by poultry (12 percent) and then human consumption (nine percent). Strong recent record milk prices have stimulated demand from the dairy industry in order to boost production. For human consumption, and processing, New Zealand produces milling wheat, oats, and malting barley, but also still imports milling wheat sourced from Australia, its closest neighbor.