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.
Retail sales rise
Retail sales rose 0.2% in Q3 on a seasonally adjusted basis after recording three consecutive declines. According to the Australian Bureau of Statistics retail sales are down 1.7% YOY for the September quarter. For the month of September, retail sales rose 0.9% on the...
Warm and dry outlook
The latest long-range forecast from the Bureau of Meteorology (BoM) is for warm and dry conditions to continue across most of the country from November to January. Australia is likely to receive below average rainfall in November, however, from November to January the...
September milk output up 1.5%
Australian milk production rose 1.5% YOY in September with significant lifts recorded across most states apart from Victoria, according to Dairy Australia. Victorian milk output fell 0.2% YOY in September, bringing season to date output (July – September) 0.6% behind...
Food insecurity increases
According to Foodbank’s annual hunger report a significant number of Australians are going hungry with 2.3m households “severely food insecure”, actively going hungry, reducing food intake, skipping meals or going days without eating in the past 12 months. The number...
Farmland value growth stalls
Australian farmland values reached an inflection point in 2023, with the median price for the first half up just 0.1% YOY according to Rural Bank’s Mid-Year update. It’s a sharp contrast to trends in the previous half-year periods, which featured median price growth...
Tanker drivers strike
Truck drivers announced strike action earlier this week, meaning up to 1,400 United Worker Union members across 12 Victorian processing sites = will stop work on Wednesday and Thursday this week. Saputo tanker drivers stopped work early Tuesday morning in Gippsland...
ABARES: Australian farm incomes to fall
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates farm incomes in Australia will fall 41% on average across the country’s broadacre farms in 2023/24. Nationally, farm incomes are forecast to average $197,000, falling in a...
Australia: August milk output rise
Milk intake rose 0.8% YOY, in August, bringing season to date collections 0.5% ahead of the season prior. Dairy Australia reported production lifts across most states, except Victoria and Queensland. This marks the fourth consecutive monthly YOY increase in milk...
Recent rain fills water storages
According to Goulburn Murray Water water storages in the Murray area are all near 100% while Southern Rural Water reports Lake Glenmaggie water storage reached 99% this week, lifting slightly from the week prior but up 11% from a year ago. Meanwhile, Lake Eildon...
Saputo will halve plants
Saputo Dairy Australia has outlined plans to cut the number of processing plants to five as it right sizes it network to focus on value creation from every drop of milk collected. Speaking at the annual CIBC Eastern Institutional Investor Conference in Montreal,...