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.
Govt changes biosecurity tax
To ensure equity and transparency, the Australian Federal Government made changes to its Biosecurity Protection Levy following months of protests from the agriculture sector. The biosecurity tax will be set according to an industry’s average share of gross...
Australian exports rebound in December
Australian exports were up 0.2% in the first six months of the 2023/24 season in milk solids equivalent (MSE) , led by increases in cheese, milk powders, butter and dry whey. Cheese exports rose 10.6% YOY in December– this mostly reflected stronger sales in China...
Milk intake rose in December
Milk output rose 2.2% YOY in December with production lifting across all states for the month on weak year-ago comparables. Production for the 6-month period was 2.1% ahead of the prior year period. In Victoria, production was up 1.2% YOY for the month, with...
ACCC to conduct retail price inquiry
Another day, a new inquiry! This time prime minister Anthony Albanese has directed the Australian Competition and Consumer Commission (ACCC) to conduct a 12-month inquiry into the pricing practices of supermarkets and the relationship between wholesale (including...
Dairy code review under way
The second review of the Australian Dairy Code of Conduct has opened with the Department of Agriculture, Fisheries and Forestry (DAFF) seeking feedback on the topics raised in the first review report. DAFF is seeking feedback on recommendations for improvement of the...
BoM predicts less rainfall
The latest long-range forecast from the Australian Bureau of Meteorology (BoM) projects below average rainfall is likely for parts of the southeast as well as the west and north of Australia. Warmer than usual days and nights are forecast for most of the country....
Sentiment weakens in January
Cost of living and interest rates continue to dominate consumer sentiment, which weakened 1.3% in January according to the Westpac– Melbourne Institute Consumer Sentiment Index. The continued pessimism is despite a notable easing in fears about further...
Milk output rose in November
Milk output rose 6.3% YOY in November against low comparables in Victoria, NSW and Queensland. November 2022 production was down 10% YOY nationally. Season to date output is tracking 2.1% ahead of the prior year, according to Dairy Australia data. November production...
BoM: Warmer, drier summer ahead
The latest long-range forecast from the Bureau of Meteorology (BoM) is for below median rainfall across areas of the north, west and south of Australia with above median temperatures for most of the country from January to March. Low streamflows are likely across most...
Buyback uncertainty for irrigators
Increased buybacks allowed for in the federal government’s Restoring Our Rivers Bill is leaving the Murray River Group of Councils (MRGC) “massively exposed and disappointed following a recent meeting with the Murray-Darling Basin Authority. Councils will be...