What is the price of milk & cream per kilogram/pound in New Zealand today?
The retail price range for New Zealand milk & cream is between US$ 0.88 and US$ 1.30 per kilogram or between US$ 0.40 and US$ 0.59 per pound(lb). Click here to see today's exact prices of milk & cream in New Zealand
The retail price range in New Zealand Dollar for milk & cream is between NZD 1.41 and NZD 2.06 per kilogram or between NZD 0.64 and NZD 0.94 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand milk & cream is between US$ 0.62 and US$ 0.91 per kilogram or between US$ 0.28 and US$ 0.41 per pound(lb).
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New Zealand Milk & Cream Export Prices - Historical, Trends and Prediction
The export price per kilogram of Milk & Cream from New Zealand has seen a steady decline over the last five years. In 2011, the price was 1.47 US dollars per kg, but by 2021, it had dropped to 0.98 US dollars per kg. This represents a decrease of 33.3%. In 2020, the price rose slightly to 0.91 US dollars per kg, but it dropped again in 2021 to 0.98 US dollars per kg. Based on the data, it is predicted that the export price per kilogram of Milk & Cream from New Zealand will remain relatively stable in the next two years, with an estimated price of 1.23 US dollars per kg in 2023 and 1.29 US dollars per kg in 2024.The milk & cream exports from New Zealand are categorised as:
- Milk and cream of a fat content by weight of <= 1%, not concentrated nor containing added sugar or other sweetening matter (HS code 040110)
- Milk and cream of a fat content by weight of > 6% but <= 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040140)
- Milk and cream, concentrated and sweetened (excluding in solid forms) (HS code 040299)
- Milk and cream in solid forms, of a fat content by weight of <= 1,5% (HS code 040210)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, sweetened (HS code 040229)
- Products consisting of natural milk constituents, whether or not sweetened, n.e.s. (HS code 040490)
- Milk and cream of a fat content by weight of > 1% but <= 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040120)
- Milk and cream of a fat content by weight of > 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040130)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, unsweetened (HS code 040221)
- Milk and cream of a fat content by weight of > 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040150)
- Milk and cream, concentrated but unsweetened (excluding in solid forms) (HS code 040291)
New Zealand Milk & Cream Import Prices - Historical, Trends and Prediction
The import price per kilogram of Milk & Cream into New Zealand over the last five years has been relatively stable. In 2017, the price was 0.83 US$ per kg, followed by 0.74 US$ per kg in 2018. In 2019, the price increased to 0.80 US$ per kg, and then further increased to 0.91 US$ per kg in 2020. The highest price was recorded in 2021, at 0.98 US$ per kg. The latest data shows that the price has decreased to 1.29 US$ per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Milk & Cream into New Zealand in 2023 will be 1.17 US$ per kg and in 2024 it will be 1.06 US$ per kg.Export values for New Zealand milk & cream
The total values in export for milk & cream in New Zealand were US$ 4,769,964, US$ 6,035,044, US$ 5,871,890 and US$ 6,639,426 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of milk & cream in other countries across Oceania: Fiji milk & cream, French Polynesia milk & cream, Guam milk & cream, Micronesia milk & cream, New Caledonia milk & cream, Papua New Guinea milk & cream, Samoa milk & cream, Solomon Islands milk & cream, Tonga milk & cream & Vanuatu milk & cream.
New Zealand milk & cream - Production, Exports, Imports, Seasons and HS Codes
The amount of milk & cream shipped by New Zealand in 2020 was 2,409,770 tons. In 2019 New Zealand exported 2,449,273 tonnes of milk & cream. In 2019 alone, the interest in New Zealand milk & cream (processed category) has gone up, flactuating by 10.569 % compared to the year 2018. Between 2017 and 2019, milk & cream's exports grew by 12.2 pc earning New Zealand US$6,639.43m for the year 2019. New Zealand's milk & cream exports are classified as:
- Milk and cream of a fat content by weight of > 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040130)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, sweetened (HS code 040229)
- Milk and cream in solid forms, of a fat content by weight of <= 1,5% (HS code 040210)
- Milk and cream of a fat content by weight of > 6% but <= 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040140)
- Milk and cream of a fat content by weight of <= 1%, not concentrated nor containing added sugar or other sweetening matter (HS code 040110)
- Milk and cream, concentrated but unsweetened (excluding in solid forms) (HS code 040291)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, unsweetened (HS code 040221)
- Milk and cream, concentrated and sweetened (excluding in solid forms) (HS code 040299)
- Products consisting of natural milk constituents, whether or not sweetened, n.e.s. (HS code 040490)
- Milk and cream of a fat content by weight of > 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040150)
- Milk and cream of a fat content by weight of > 1% but <= 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040120)
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New Zealand milk & cream export values
In 2019, New Zealand exported milk & cream valued at 6,639.43m USD, an increment of 13.07% from 2018's total milk & cream export of 5871.89m USD. The yearly increase in value of New Zealand milk & cream between 2017 to 2018 was -2.703 per cent.
The per year change in the quantity of New Zealand's milk & cream exports between 2017 and 2019 was 12.2 pc when compared to a variation of 10.569% in the growth rate between 2018 and 2019.
Export markets for New Zealand milk & cream ( in '000$ )
New Zealand's top export markets for milk & cream are Cameroon, Saudi Arabia, Ghana, Ivory Coast (Côte d'Ivoire
) and Nigeria.
New Zealand bought 23,489 tonnes of milk & cream in 2019.