Domestic Market Updates
Track Australian dairy market updates for some of the latest developments in production, trade and retail sales.
DA Forecasts Less Milk In 2024/25
Dairy Australia (DA) continues to forecast a slight drop in national milk production to 8.3bn litres in 2024/25. While output has been ahead so far this season, drier conditions, reduced incomes and longer-term challenges around labour and farm exits will constrain...
No Buyer For Beston
Beston Global Food Company will cease operations after administrator KPMG failed to find a buyer. Several potential parties expressed interest in the South Australian-processor but KPMG said the process failed to secure a buyer in the time frame required. The...
More Summer Rain In Australia
The latest Bureau of Meteorology long-range forecast for December to February shows above average rainfall is likely for parts of eastern Australia and greater chance of warmer than usual days and nights. Below average rainfall and warmer temperatures across parts of...
CPI Steady at 2.1%
The monthly CPI rose 2.1% in the 12 months to October, the lowest annual rate since July 2021. Falls in electricity and fuel prices were major contributors. Food and non-alcoholic beverage prices rose 3.3% in the 12 months to October, unchanged from September. Dairy...
Seasonal Water In The Murray Flows In
The resource manager for northern Victoria reports greater inflows than forecast in updating 2024/25 seasonal determinations. In the Murray system, high-reliability water shares increased to 100%, up from 98% and the Broken system’s HRWS rose to 47%, up from 45%. In...
Cow Export JV Sets Sail
Two Australian cattle exporters have formed a joint venture to supply dairy cattle to Indonesia in line with Indonesia’s free milk for school students program. Frontier Agri International have so far exported 100,000 cattle to Indonesia in 2024, while its partner...
Australian Cow Prices Weaker
Average dairy cow prices fell between October and have continued their downward trajectory in November. The number of head for sale was +18% YOY in October, while at 242.7 c/kg liveweight, the price was 85% higher then the same month in 2023, which was close to the...
Australian Sentiment Hits 2.5yr High
Consumer sentiment, as measured by the Westpac-Melbourne Institute index, rose 5.3% to 94.6 points in November. The highest reading since May 2022 reflected strong improvements in family finances +6.8 YOY, while expectations for the year ahead rose 4.4%. The...
Saputo Tas Strike Resolved
A 20-week strike by maintenance workers at Saputo’s Burnie factory has been resolved. Saputo has reportedly agreed to pay parity with mainland colleagues for workers with similar roles. The Australian Manufacturing Workers' Union and the Communications, Electrical and...
SA Hay In Short Supply
In South Australia, the Australian Fodder Industry Association is warning feed prices are likely to climb as dry weather is shortening supplies. Cereal hay prices are currently $340/t—$375/t, up from $260/t—$325/t at the same time last year. South Australian...