Key Market Indicators
New Zealand's grain production is forecasted to dip slightly to around 1 million metric tons by 2028, down from approximately 1 million metric tons in 2023. This projection reflects an average annual decrease of 0.1%. Despite this slight decline, New Zealand has seen a steady increase in grain supply since 1966, with an average annual growth rate of 0.5%. In 2023, the country ranked 105th in global grain production. Portugal edged out New Zealand with a production of around 1 million metric tons. Leading the global rankings were the United States, India, and Brazil, holding the second, third, and fourth positions, respectively.
