Differences in farming systems can have an impact on the price outcome, even within a region. Find out more.
Learn more about the 2025/26 season and influences on this season’s farmgate milk prices.
Latest Australian Update
Consumer Confidence Improves
The latest Westpac-Melbourne Institute consumer sentiment reading rose to 91.6 in March, up +1.2% from the month as consumers remain firmly pessimistic. The subindices show improvement in sentiment relating to current conditions and medium-term expectations for the...
Less Rain in Winter Climate Forecast
The latest Bureau of Meteorology three-month climate outlook forecasts below-average rainfall and warmer-than-average temperatures. From April to June, rainfall is likely to be below average across most of Australia, with a 60%–80% chance of drier-than-normal...
Rain Lifts Ag Water Allocations
Recent rainfall and cooler conditions have lifted seasonal water allocations across northern Victoria. In the Goulburn and Loddon catchment, high-reliability water shares (HRWS) rose to 76%, up from 73%. In the Broken system, HRWS rose to 49%, while the Bullarook...
Latest Global Update
Pulse Prices Mixed
Regular grade WMP settled at US$3,715/t, down 2.6% against GDT 399 but higher than the price achieved at the latest Pulse event. Instant WMP fell 2.0% on GDT#399 to settle at US$3,830/t. Medium heat NZ SMP edged up 0.3% on GDT #399 at US$3,330/t, while Arla’s MH SMP...
Australian Exports Decline in January
Total January exports declined 16.2% YOY in milk solids equivalent (MSE) terms. Cheese exports fell 27.5% YOY to 10,143t (lowest since September 2023), led by weaker shipments to Japan. SMP exports rose 14.7% YOY for the month, with most of the increase in shipments...
Powders Drive GDT Gains
There were big moves in the GDT Index as geopolitical uncertainty looms. The increase was ahead of expectations, reflecting positive market sentiment but also demand for near-term product needs. Powder propelled higher as SMP rose 9.1% on strong relative demand as...
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