Domestic Market Updates 

Track Australian dairy market updates for some of the latest developments in production, trade and retail sales.

Check out the video for regular developments in dairy markets that affect milk prices in Australia.

Beston Delays Milk Payments

Beston Delays Milk Payments

Beston Global Food Company has asked its farmer suppliers to wait for full payment of their milk. In April, the processor withheld 15% of farmers farmgate milk price payments. Beston cites cashflow problems and difficult market conditions for the decision to delay...

read more
Beston Delays Milk Payments

Dairy Australia Situation & Outlook

The latest Situation & Outlook from Dairy Australia (DA) shows farmers remain confident about the industry future with the majority still making an operating profit. DA expects milk production to finish 2% to 3% higher YOY in the 2023/24 season at 8.35bn litres....

read more
Seasonal Water Outlook Released

Seasonal Water Outlook Released

The Resource manager for northern Victorian water systems has updated the outlook for 2024/25 seasonal determinations. Reserves established in water storages during 2023/24 provided a strong foundation for carried over allocation and 2024/25. The opening determination...

read more
BoM Issues La Niña Watch

BoM Issues La Niña Watch

The Australian Bureau of Meteorology (BoM) has moved to La Niña watch as the bureau’s long-range forecast indicates above average rainfall in parts of Australia.   BoM’s climate manager Dr Karl Braganza said moving to La Niña watch is not a declaration that an event...

read more
Australian March Milk Production Lifts

Australian March Milk Production Lifts

Milk output rose 2.8% YOY in March according to Dairy Australia.  In Victoria, production rose 4.2% YOY for the month bringing seasonal output 2.6% ahead of the comparable. Output jumped +7.9% YOY in the state’s north, while production in Gippsland lifted +5.9% YOY in...

read more
Beston Delays Milk Payments

Woolies Sales Disappoint

Woolworths food sales lifted 1.5% to $12.6bn in the quarter to March 2024, behind rival Coles at 5.1%. Food inflation in the March quarter fell 0.2%, compared with an increase of 5.8% for the same time last year.  Outgoing CEO Brad Banducci warned trading conditions...

read more
Beston Delays Milk Payments

Farmland Value Growth Slows in 2023

The median price for farmland rose 6.4% to $9,575/ha according to Rural Bank’s Australian Farmland Values 2024 report. It was the 10th consecutive year of value growth, but the second lowest annual gain for that period. The Compound Average Growth Rate (CAGR) in...

read more
Saputo Flags New Season Price Range

Saputo Flags New Season Price Range

Saputo has offered an early guidance range for the 2024/25 season, flagging a weighted average opening farmgate milk price of between $7.80 to $8.00 kgMS. Saputo expects opening farmgate milk prices will be reduced to factor in ongoing global and domestic market...

read more
BoM Issues La Niña Watch

Less Winter Rainfall Forecast

Unusually low rainfall for parts of southern and eastern Australia is part of the long-range outlook from the Bureau of Meteorology (BoM). Temperatures are expected to be above median for most of the country. Soil moisture is below average in southern parts of...

read more
Australian March Milk Production Lifts

Fonterra’s Milk Intake Lifts

Fonterra’s  March milk intake rose 0.7% YOY to 8.5mkg of milksolids as favourable weather boosted soil moisture and pasture growth. Season-to-date milk collections are tracking 1.2% ahead of the prior year at 83.3mkg of milksolids.  

read more