UPDATED 1PM: Police are in the process of recovering a woman's body from a beach in Bay of Plenty this morning.

She has been identified as 54-year-old Marama Lloyd, also known as Marama Greeks, from Otaki.

She was last seen in Opape, 13km east of Opotiki, on New Year's Eve.

She was found by a member of the public last night at Morice's Bay in Torere, near Opotiki.

Police said the death is not thought to be suspicious, although an investigation into the circumstances surrounding her death is underway.

A post mortem is expected to be completed some time today.