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
Green Drought Bites
Dry conditions across south-west Victoria are affecting local business owners with some locals saying it is the worst drought they have ever experienced. Local state MPs are urging Victoria’s agriculture minister Ros Spence to deliver the Regional Drought Resilience...
Consumer Pessimism Bites
The latest Westpac-Melbourne Institute Consumer Sentiment index slipped 0.5% to 84.6 in September, from 85.0 in August. Westpac said consumer pessimism continues to dominate as it has done for the past two years, however, focus is shifting. Cost-of-living pressures...
Rural Bank Expects Milk Drop
Rural Bank expects milk production to decline marginally to 8.3bn litres in 2024/25 compared to the prior season. According to the bank’s latest outlook, seasonal conditions have been positive in eastern states with good pasture growth and steady fodder costs....
Latest Global Update
Pulse Edges Higher
Prices for both regular grade WMP and medium heat SMP lifted at the latest GDT Pulse event compared to last week’s GDT #363. Regular grade WMP rose 0.7% to US$3,430/t compared to GDT #363, but this was 3.7% lower than prices achieved at the previous Pulse event. The...
Australian Exports Continue To Grow
Australian dairy exports have increased YOY in each month since December 2023 in milk solids equivalent terms, led by cheese, milk powders and fats. July cheese exports rose 36.3% YOY – this mostly reflected stronger sales in Japan. July SMP exports were 15,209t...
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....
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