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.
EU looks to impose more GIs
National Farmers Federation’s (NFF) chief executive Tony Mahar says Australian farmers, processors and consumers are at a disadvantage as the EU has added haloumi to its list of geographical indicators (GI) products. The EU voted to restrict cheese manufacturers...
Final seasonal water allocation announced
Northern Victoria resource manager Mark Bailey has announced final 2020/21 seasonal determinations in the Murray, Goulburn, Campaspe and Loddon systems, which are unchanged at 100% of high-reliability water shares (HRWS). The Broken and Bullarook systems remain at...
Rabo tips historic 2021/22 price
According to Rabobank’s annual Australian Dairy Seasonal Outlook the local dairy industry has “weathered the severe global storm” and is on track to exceed industry targets three years running. Rabo’s southern export region milk price forecast for the 2021/22 season...
Dairy farms impacted by floods
Following last weeks floods across NSW, dairy farmers are assessing damage to property, including fencing and other infrastructure costs as well as loss of livestock, swept away by the currents. Farmers on the Mid North Coast of NSW who farm on islands surrounded by...
Australian trade with China plummets
The value of Australian trade with China is down 40% across almost all industries since the beginning of the trade dispute, according to the Department of Foreign Affairs and Trade (DFAT). Overall trade is down 2%, saved by strong Chinese demand for Australian iron...
La Niña retreats, but first more rain
The latest Bureau of Meteorology (BoM) water and climate outlook suggests that April may be the wettest of the three months ahead. Torrential rain in March affected all states and territories, causing extensive flooding across south eastern Australia with 2-3 times...
Floods across NSW
Two major weather systems have collided affecting every mainland state and territory, except for Western Australia. NSW has been hardest hit, impacting agriculture from the Mid-North Coast to the Hunter. According to disaster recovery officer Simon Oliver from the...
Freedom returns to the ASX
Shares in Freedom Foods Group resumed trading this week after a nine-month hiatus, as the troubled company aims to raise $265m in fresh capital to stabilise the group. Freedom shares last traded at $3.01 on the ASX before the suspension on 24 June 2020 as a massive...
Dairy Australia – Situation & Outlook March 2021
Review of FMD scheme
The Farm Management Deposit (FMD) scheme which allows farmers to set aside up to $800,000 of pre-tax income per year will undergo a review to consider if the scheme had made farmers more resilient or if it’s being used for tax planning. Agriculture minister David...