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.

Review Calls for Mandatory Supermarket Code

Review Calls for Mandatory Supermarket Code

An interim report recommending a mandatory code of conduct for supermarkets with hefty financial penalties for breaches has been delivered to the Australian Government.       The review recommended current voluntary guidelines be made into legally-binding obligations....

read more
Review Calls for Mandatory Supermarket Code

Consumer Sentiment Stays Negative

After rising sharply earlier this year, consumer sentiment is falling, recording its second consecutive fall in April. The Westpac-Melbourne Institute consumer sentiment index declined 2.4% points from the prior month to 82.4 in April. It’s the longest time the index...

read more
Review Calls for Mandatory Supermarket Code

Lactalis to close Echuca site

Lactalis will close its Echuca factory, putting more than 70 jobs at risk. However the French-owned company will invest $85m over the next three years in its other Victorian sites. A detailed review of operations led to a plan for one regional hub in the state, and...

read more
Australian milk up 8.7% in February

Australian milk up 8.7% in February

National milk production rose 8.7% YOY in February, bringing season to date output 3.1% ahead. In releasing the data, Dairy Australia noted the impact of a an extra day to February collections, with the leap year adjusted increase around 5%.  Victoria led the way, up...

read more
Australian milk up 8.7% in February

Australian consumer confidence dips again

Consumer sentiment has weakened according to Westpac-Melbourne Institute index, which fell 1.8% to 84.4, from the February reading. The 12-month outlook for the economy was down 4.5% and the 5-year outlook rose 1.1%. The measure for household finances also fell 1.4%...

read more
Dry Australian weather outlook

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...

read more
Rabobank: Seasonal milk to grow 2.6% YOY

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...

read more
Review Calls for Mandatory Supermarket Code

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...

read more
Review Calls for Mandatory Supermarket Code

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...

read more