The Australian dairy industry is selling more milk at home than overseas these days. Does the world market matter anymore?
Differences in farming systems can have an impact on the price outcome, even within a region. Find out more.
Learn more about milk supply agreements that are currently being offered across dairying regions.
Latest Australian Update
USDA: Australia’s milk supply to rise 2% next year
A new USDA Foreign Agricultural Service (FAS) GAIN report projects Australia’s milk production to increase more than 2% in 2021 to 9.4mmt, continuing the recovery from 2020 trends boosted by good pastures conditions and drought-breaking rains. With higher local...
Water allocations hit 100%
High-reliability water shares (HRWS) in Northern Victoria have hit 100% in the Goulburn and Loddon systems, up from 93%. The Resource Manager for northern Victoria’s recent update to the 2020/21 seasonal determinations also shows that the Murray system HRWS increased...
Aus-China trade dispute worsens
The Australian-Chinese trade relationship continues to deteriorate, with Australian officials raising China’s steep barley tariffs at WTO Committee level. China has threatened to ban agricultural exports worth up to $6bn. When asked to elaborate on the proposed...
Latest Global Update
EU cheese prices weaker
Spot quotes for key products are declining with mozzarella, Gouda and cheddar prices falling since the start of the month. Spot quotes for Gouda are down €150/t to a midpoint of €2,750/t, while Cheddar prices have softened to €3,125/t, down from €3,200/t at the start...
EU September milk production rises
Based on an average 98% of reported milk, EU-28 deliveries rose 1.3% YOY in September. Only two countries – Austria and Greece have still not reported data on Eurostat. September milk output increased across all countries reporting data except Lithuania (-1% YOY)...
US cheese prices crash
As expected with the gradual loosening of cheese supplies, propelled by increasingly smaller volumes sought for food aid programs, CME cheese markets continued to be highly volatile, this time dropping by record daily amounts. Blocks fell more than US$2,100/t over the...
Site News
Read the Milk Value Portal Flipbook
ADPF president Grant Crothers explains how the Milk Value Portal can help restore trust between farmers and processors
Watch the video on the most important global dairy market developments this month
Check for changes in processor contracts
Read important details of the Dairy Code of Conduct and the ADPF template for code-compliant contract terms
See the latest Quarterly Insights from Freshagenda
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