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.
Pure Dairy invest $100m in conversion facility
Melbourne-based Pure Dairy, a supplier of US cheese to the Australian food sector, has announced a $100m investment to build a dairy conversion facility in Dandenong near Melbourne. The facility is scheduled to open in early 2024, creating 450 new jobs and is...
DA: Milk production steady
Australian milk production is likely to remain steady for 2023/24 according Dairy Australia (DA). Despite El Niño conditions drying out some regions, but DA point to reduced cow culling and live heifer exports as supportive of milk production. Season to date...
ACCC approves dairy factories sales
The Australian Competition and Consumer Commission (ACCC) has approved Saputo’s sale of two factories—one in Victoria and one in NSW—to Coles after considering the effect of the proposed acquisition on raw milk markets in NSW, Victoria and South Australia. ACCC found...
Beston progress report
Beston Global Food Company’s has released an ASX announcement stating it has successfully expanded its lactoferrin capacity, with a third column commissioned and fully operational. Beston expects lactoferrin sales to exceed 10t in the first half of 2024. Beston has...
Retail sales flat, but food higher
Retail trade was down 0.2% on the prior month in October, but 1.2% ahead YOY on a seasonally adjusted basis according to the Australian Bureau of Statistics. Food retailing rose 0.5% in October from the month prior and was 3% higher YOY. Turnover for cafes,...
Comm Bank highlights spending trends
Year-on-year discretionary spending was running 0.2% ahead in the July to September period, well below inflation according to the Commonwealth Bank iQ Cost of Living Insights Report. The report found that many consumers are pulling levers to adjust spending habits...
Westpac abolishes ag loans for land clearing
Westpac has announced it will refuse loans to farmers clearing land on their property, prohibiting dairy, beef and sheep farmers from further converting natural forest to agricultural land use from 2026. Westpac said the decision to prohibit loans to land clearing was...
Strongest El Niño on record forecast
There are indications the current El Niño phase could be one of the strongest on record with unprecedented global temperatures in 2024 as a result. Comparisons of the most recent 17 events indicate the 2023 edition was the sixth strongest to October based on the Niño...
Saputo to spend $27m on upgrades
Saputo announced it is allocating $27m for upgrades across its Victorian and Tasmanian plants as well as a review of its King Island Dairy plant in Tasmania. Saputo says the review will consider a range of “strategic, commercial and financial alternatives, including a...
Australian exports continue to slide
Australian dairy exports were down 2.6% YOY in the first quarter of the season in milk solids equivalent terms, led by falls in cheese and fats. Shipment trends were mixed for the month of September, however. Cheese exports rose 6.4% YOY – this mostly reflected...