Differences in farming systems can have an impact on the price outcome, even within a region. Find out more.
Learn more about the 2024-25 season and influences on this season’s farmgate milk prices.
Latest Australian Update
Australian Milk Production Up 1.6% in July
Milk production rose 1.6% YOY in July, the fifteenth consecutive month of growth. Victorian milk output rose 2.5% YOY led by a 5.2% increase in Northern Victoria for July. Gippsland output was up 3% for the month, while Western Victorian output +0.2% YOY. July...
Wild Weather Hits The East
Record heat in Queensland, damaging winds in Victoria and Tasmanian floods and wind are connected, according to the Bureau of Meteorology (BoM). Two interconnected weather systems brought with them wild weather from north to south along the east coast. BoM...
Rabo Tips Milk Growth
Rabobank expects Australian milk output to grow 1.5% YOY in the 2024/25 season. Milk output rose 3.1% YOY in the 2023/24 with all states and regions recording growth, except Western Victoria where dry conditions constrained production. RaboResearch senior dairy...
Latest Global Update
GDT Index Eases
This week’s GDT event #363 produced a mixed result, with a fall of 0.4% in the price index. Weaker than average demand across most commodities brought with it the first price dip in four events. SMP was easily the strongest performer on better-than-average demand....
US Cheese Exports Up In July
US dairy shipments rose 11.5% YOY in milk solid equivalent terms during July, reflecting increases in cheese, dry whey, SMP and fats. Cheese shipments were +10.1% YOY for the month, mostly reflecting stronger shipments to Mexico. NFDM/SMP exports surged in July, up...
Pulse Prices Lift
Regular grade WMP price rose 1.7% from GDT #362 to US$3,560/t at this week’s Pulse auction, +9.2% compared to prices achieved at the previous event two weeks ago. The SGX-NZX WMP futures contract for September 2024 settled at US$3,525/t prior to the event. Medium...
Site News
This ADPF article discusses the 2022/23 season’s milk supply agreements
Listen to the Business of Dairy Podcast with ADPF executive director Janine Waller
See the Milk Value Portal Factsheet
See the latest Quarterly Insights from Freshagenda
Read the Milk Value Portal Flipbook
ADPF president Grant Crothers explains how the Milk Value Portal can help restore trust between farmers and processors
Check for changes in processor contracts
Read important details of the Dairy Code of Conduct and the ADPF template for code-compliant contract terms
Watch the video on why the world dairy markets matter
Watch the overview animation prepared by Dairy Australia, explaining how the Farmgate Milk Value tool is of use to you
Watch ADPF’s presentation of the Milk Value Portal at The ABARES Outlook 2022 Conference – Growing agriculture through innovation and sustainability