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.

Burra steps up

Burra steps up

Burra Foods has increased milk price paid to its suppliers by 10c/kgMS for the 2021/22 season to a range of $6.70kgMS – $7.10kgMS. Burra chief executive Stewart Carson said the company was seeing low market inventories and good demand. Shipping continues to be an...

read more
Change in rules may alleviate crisis

Change in rules may alleviate crisis

Food shortages and empty supermarket shelves are set to be alleviated with recent isolation rule changes, which clear asymptomatic and COVID-negative staff to return to work. Dairy and meat producers have asked the government for more help to cope with COVID...

read more
BoM: La Niña continues

BoM: La Niña continues

The latest Climate and Water Outlook from the Australian Bureau of Meteorology’s (BoM) is for the current La Niña is to until early autumn. La Niña will likely bring above average rainfall to the east coast but below average rainfall in western Victoria, Tasmania and...

read more
Change in rules may alleviate crisis

Forrest buys into Bega after profit update

Tattarang AgriFood Investments has become a substantial shareholder in Bega Cheese, paying more than $100m for a 6.61% stake in the processor. Tattarang holds a 36% shareholding in Fortescue Metals Group, chaired by Andrew “Twiggy” Forrest. Over six weeks through...

read more
Australian milk output continues to slide

Australian milk output continues to slide

Australian milk production continues to decline with milk production down 0.8% YOY in November, according to Dairy Australia. This takes season to date output 2.4% behind the prior year comparable, with the sixth consecutive monthly decline. In Victoria, milk output...

read more
Change in rules may alleviate crisis

Economy recovering but COVID threat remains

Treasurer Josh Frydenberg is feeling upbeat about the local economy, calling Australia’s economic recovery ‘the best in the developed world.” Presenting the latest figures in the Mid-Year Economic Fiscal Outlook, the cash balance deficit for 2021/22 is $99.2bn, down...

read more
Change in rules may alleviate crisis

Australia UK finalise FTA

The free trade agreement between Australia and the UK reached a major milestone with the Australian and UK governments finalising their Agreement in Principle. The agreement will deliver more Australian jobs and business opportunities and eliminate tariffs on dairy...

read more
Record farm income for Australian farmers

Record farm income for Australian farmers

ABARES has lifted its agricultural production value forecast by $5.4bn to $78bn in its agricultural commodities December quarterly. The value of agricultural exports its forecast to hit a record $61bn off the back of exceptional seasonal conditions and a surge in...

read more
Record farm income for Australian farmers

Rabobank lowers Aus milk forecast

Rabobank has lowered its milk production forecast for 2021/22 to 8.68bn litres, down 1.8% YOY due to significantly lower year-on-year peak production in October. Rabobank senior dairy analyst Michael Harvey said season-to-date production is now down 2.9% on the season...

read more
Australian milk output continues to slide

Australia: Peak milk at decades low

National milk output declined 2.1% YOY in October according to Dairy Australia. This takes season to date output 2.9% behind the prior season and the lowest peak production recorded in at least 20 years. Southern region milk output dropped 2.7% YOY in October, with...

read more