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.
Dry Australian weather outlook
The Bureau of Meteorology’s (BoM) latest long-range forecast for April to June is for below average rainfall in large parts of the south and east of Australia with warmer than usual days and nights across most of the country. High streamflows are forecast for most...
Rabobank: Seasonal milk to grow 2.6% YOY
Australia’s milk supply will end the current season 2.6% ahead of the prior season according to Rabobank while 2024/25 intake is expected to grow in the range of 3-4%. Favourable weather conditions with record rainfall from the spring and into January 2024 are...
Australian farmland value doubles
Average price per hectare of broadacre farmland has more than doubled in the ten years to 2023. That’s the latest reading from ABARES Farmland Price Indicator. Farmland values peaked in 2022 at $9,576ha, with an average annual growth rate of more than 10% in the past...
No fines for climate laggards
Agriculture minister Murray Watt says farmers operating outside developing government regulation and policy regimes and supply chain and banking frameworks will likely punish themselves by potentially losing access to markets and finance. The Department of...
Coles signals pressure back on suppliers
Coles CEO Leah Weckert has conceded the retailer wants to shift the conversations on prices with suppliers as commodity values decline. Consumers expect prices to come down in the supermarket aisles as commodity values fall and Weckert expects the entire supply chain...
Dairy Australia much more upbeat
Better than expected weather conditions and a supply-led rebound in commodity values have fed current optimism, lifting current season milk production 1% against flood-affected comparables. Reduced on-farm debt has reduced exposures to high interest rates, while...
ABARES’ bleak dairy outlook
Australian milk production will lift 1.8% to 8.3bn litres in 2023/24 as higher yields offsets the effect of a smaller herd. That’s according to the March 2024 Agricultural Commodities report from the Australian Bureau of Agricultural and Resource Economics and...
January milk lifts 4.9%
Milk production rose 4.9% YOY in January, bringing season-to-date production 2.5% ahead of the prior year, according to Dairy Australia. Victorian production lifted 5.7% YOY in January, taking output 1.8% ahead of the prior year on comparable. Strong growth...
BoM: Unusually warm days ahead
The Bureau of Meteorology’s (BoM) latest long-range forecast for March to May is for warmer than-usual days and nights across most areas with neutral outlooks for the dairy regions. Rainfall has a 60 to 80% chance of being below median for the period for most of...