The market sells food made by mostly migrant and refugee stallholders and has been running every Thursday night for four years.
But Auckland Council says it will no longer fund it because of dwindling customer numbers.
Auckland Regional Migrant Services (ARMS) and Ecomatters took over the running of the market from the council at the end of last year.
ARMS chief executive Rochana Sheward said it was a platform for refugee and migrant women who are part of WISE Collective.
The women learned skills and confidence, while earning money, she said.
"It was about empowering women.
"Every food stall that was there had to tell a story - where it came from, how it's made."
The Whau Local Board said the market's funding had "always been dependent on its success" and the intention was to "stimulate the local economy and create a sense of community".
"The board has since reflected on why the night market was originally funded.
"Most importantly, it was intended to activate the New Lynn town centre and become a popular local event celebrating the diverse communities within the Whau," board chairperson Tracy Mulholland said.
The markets were originally funded through a regional budget in 2013, and the board took over funding from 2014 onwards. It said it would create an ethnic communities plan in the future and other established cultural events in the area will be funded.
The final market will be this Thursday But Ms Sheward hopes a new, regular community event would spring up in its place.
"Sometimes the festivals may just be quarterly...we want to make sure there is a sense of community and not just a sense of 'going to the mall'."
Ms Sheward said the WISE women catering group would look for new opportunities elsewhere.