Milk production in New Zealand and Australia remains strong in April

Milk production in New Zealand and Australia showed strong year-over-year growth in April, supported by improved milk solids output and firmer dairy prices. New Zealand continues to outperform historical production levels as the season nears its end, while Australia recorded a modest recovery driven by higher collections in key regions. However, increasing El Niño risks and below-average rainfall forecasts could pose challenges for pasture conditions and milk production in the coming months.