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.

Woolworths increases H1 sales, EBIT

Bega shares jump on first half results

Bega Cheese announced a lift in earnings and profits in the first half of 2023. Revenue rose 3.2% YOY to $1.73bn with normalised EBITDA lifting 2.6% YOY to $76.5m and normalised profits rose to $13.3m, up from $9.4m the year before. Normalised earnings per share rose...

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Woolworths increases H1 sales, EBIT

Australian retailers defend pricing

The Senate Inquiry investigating supermarket pricing and practices were told by retailers that the key drivers of higher shelf prices are cost price increases sought by suppliers and farmers. Both retailers submitted they had received large numbers of requests from...

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Woolworths increases H1 sales, EBIT

Govt changes biosecurity tax

To ensure equity and transparency, the Australian Federal Government made changes to its Biosecurity Protection Levy following months of protests from the agriculture sector. The biosecurity tax will be set according to an industry’s average share of gross...

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Australian exports rebound in December

Australian exports rebound in December

Australian exports were up 0.2% in the first six months of the 2023/24 season in milk solids equivalent (MSE) , led by increases in cheese, milk powders, butter and dry whey. Cheese exports rose 10.6% YOY in December– this mostly reflected stronger sales in China...

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Australian exports rebound in December

Milk intake rose in December

Milk output rose 2.2% YOY in December with production lifting across all states for the month on weak year-ago comparables. Production for the 6-month period was 2.1% ahead of the prior year period. In Victoria, production was up 1.2% YOY for the month, with...

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Woolworths increases H1 sales, EBIT

ACCC to conduct retail price inquiry

Another day, a new inquiry! This time prime minister Anthony Albanese has directed the Australian Competition and Consumer Commission (ACCC) to conduct a 12-month inquiry into the pricing practices of supermarkets and the relationship between wholesale (including...

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Woolworths increases H1 sales, EBIT

Dairy code review under way

The second review of the Australian Dairy Code of Conduct has opened with the Department of Agriculture, Fisheries and Forestry (DAFF) seeking feedback on the topics raised in the first review report. DAFF is seeking feedback on recommendations for improvement of the...

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BoM predicts less rainfall

BoM predicts less rainfall

The latest long-range forecast from the Australian Bureau of Meteorology (BoM) projects below average rainfall is likely for parts of the southeast as well as the west and north of Australia. Warmer than usual days and nights are forecast for most of the country....

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Woolworths increases H1 sales, EBIT

Sentiment weakens in January

  Cost of living and interest rates continue to dominate consumer sentiment, which weakened 1.3% in January according to the Westpac– Melbourne Institute Consumer Sentiment Index. The continued pessimism is despite  a notable easing in fears about further...

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