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.
Australia: China testing trade rules
Australian diplomats have used a routine World Trade Organisation (WTO) review to criticize China’s trade policies, accusing the country of undermining the WTO and not delivering on promised economic reforms. The criticism is a consequence of China’s formal and...
Farmers want in on climate change talks
President of the National Farmers Federation (NFF) Fiona Simson has claimed a seat at the table during climate policy negotiations on behalf of farmers, saying the world is run by those who show up. NFF wants to ensure farmers interests are front and centre in the...
Bubs says China is improving
Shares in infant formula maker Bubs Australia shares jumped 17% last week to $0.42 per share as the latest quarterly report revealed high growth during the quarter due to a revamped business strategy. Bubs share prices were down 30% in 2021, but in the past month have...
Farm profits jump in Victoria
According to the 2020/21 Dairy Farm Monitor Victorian dairy farmers had the most profitable financial year in more than a decade. The report analysed 80 farms, finding average earnings before interest and taxes (EBIT) on farms rose to $422,000 in 2020/21 from $346,000...
Australia’s cheese, SMP manufacturing falls
Slightly higher milk production combined with lower drinking milk sales increased manufacturing milk supply by 1.6% in the 2020/21 season. Dairy Australia reported national cheese production fell 1.3% in 2020/21 to 366,236t, with a corresponding 6.1% decline in...
$80m to flood-hit farmers
Farmers and industries hit by flooding earlier this year can access a newly announced $80m flood relief package, with $50m available directly to primary producers seeking grants to replace lost stock or damaged infrastructure. The $80m Industry Recovery Package is a...
Milk declined 3.6% in August
Australian milk production fell 3.6% YOY in August, falls recorded across most states except for NSW. In Victoria, production was down 4.3% YOY, taking the season to date 4.4% behind last season. Gippsland output fell 2.3% YOY in August, Northern Victoria was down...
Fonterra looks at options
Fonterra is examining ownership options for its Australian business, flagging a possible IPO with Fonterra retaining a significant stake. According to Fonterra chief executive Miles Hurrell the local business was “on strategy and remained important to the co-op”....
Outlook still damp
The latest Climate and Water Outlook from the Bureau of Meteorology (BoM) is for above average rainfall from October to December with the chance of La Niña increasing as the Indian Ocean Dipole weakens. Warmer than average temperatures are expected across the tropics...
EU FTA in trouble?
A pact between the UK, US and Australia to acquire nuclear-powered submarines, and Australia’s subsequent scrapping a multibillion-dollar submarine deal with France, could impact trade deal negotiations with the EU. France’s European affairs secretary Clement Beaune...