Domestic Market Updates
Track Australian dairy market updates for some of the latest developments in production, trade and retail sales.
Major Drop in Consumer Moods
latest gauge of mood among Australians took a massive dive as a result of rising rates and ongoing war in the Middle East, which is raising fuel prices. The Westpac-Melbourne Institute consumer index plunged to 80.1 points in April, down from 91.6 points in March,...
Lactalis Adds Support Payment
Lactalis is paying suppliers an extra 5c/l from 1 May to help with higher fuel and fertiliser costs. On a per kilo milksolids basis, Lactalis suppliers will receive an extra 64c/kgMS, taking the weighted average milk price to $9.69kgMS, up from $9.05kgMS. The payment...
A2 Settles Investor Class Action
The a2 Milk Company has agreed to pay $62m to settle a major shareholder class action. Investors who bought shares between August 2020 and May 2021 brought a class action lawsuit, claiming the dairy processor failed to properly disclose problems in its key China...
Farmers Want Higher Retail Milk Price
Dairy farmers are urging major Australian retailers to lift retail milk prices as producers battle increasing fuel and fertiliser costs. Dairy lobby group eastAUSmilk wants retail prices to go up by 30c per litre of milk for private label, which would allow for a...
Australian February Milk Rises
National milk output lifted 0.6% YOY in February, taking season-to-date output 1.0% behind the year-ago comparative. Across the states, output was mixed. Victorian milk production declined 0.1% YOY for the month, with season-to-date output –1.7% behind...
BoM : Warm Winter With Less Rain
The Bureau of Meteorology (BoM) expects April to June rainfall to be below average across the southern two-thirds of Australia, according to its latest long-range forecast. Days are likely to be warmer than average with an increased chance of unusually higher...
Despite Decline, February Inflation Remains High
The Australian Bureau of Statistics’ (ABS) latest reading shows headline inflation eased in February to 3.7%, while underlying inflation rose 3.3% in the year to February. The biggest drivers of inflationary growth are housing (+7.2%), food (+3.1%) and recreation and...
Australia and EU Agree on FTA
Australia has agreed on the draft text for a free trade agreement with the European Union (EU). Signing of the FTA is expected in late 2026 or early 2027. Historically, Australia has had very limited access to the EU dairy market, restricted to small quotas for...
Australian Cow Culling Lifts
Saleyard transactions of dairy cow culls, as reported by the National Livestock Reporting Service (NLRS), increased 11% YOY season-to-date (July-February). February alone was flat YOY. The saleyard average price peaked in November at 370c/kg liveweight before...
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...